General Motors Co. (NYSE: GM) will Friday hold a news conference at its Bedford Casting Operations facility. Few details were made available, but the automaker said the event will include a “positive plant manufacturing announcement.”
The 1 million-square-foot plant in Bedford uses semi-permanent mold and die casting processes to produce cylinder heads, cylinder blocks, transmission cases, structural components, and drive unit housings used in Chevrolet, Buick, GMC and Cadillac vehicles, according to the GM website.
GM says since 2011, it has invested nearly $380 million in the plant, which employs nearly 680 workers.
Phil Kienle, vice president of GM North America Manufacturing and Labor Relations, will join Indiana Lt. Gov. Suzanne Crouch, officials from the United Auto Workers union, and other plant and elected officials for the announcement.
In September, GM announced a nearly $500 million investment to expand and upgrade operations at its Marion Metal Center to support electric vehicle production.
GM is also involved in a joint venture with LG Energy Solution to build a $2.4 billion electric vehicle battery production facility that could be located in New Carlisle. The St. Joseph County Council in September approved tax incentives and a development agreement for the Ultium Cells project, which could bring 1,600 jobs to the area.
Ultium Cells has not yet decided where it will locate the facility, but has indicated it plans to make a decision by the end of the year.
Inside INdiana Business will have more on the Bedford announcement in Friday afternoon’s INside Edge newsletter.