# GM invests $760 million in Toledo factory for electric drive units

General Motors is investing $760 million in its Toledo Propulsion Systems factory to produce electric drive units for electric trucks, including the GMC Hummer EV, Chevrolet Silverado EV, and GMC Sierra EV.

- Type: Investment
- Announced: 2022-09-23
- Where: Toledo, Ohio, United States
- Value: $760.0M
- Status: announced
- Products: electric drive units
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md)

## Sources

- [cnn.com](https://www.cnn.com/2022/09/23/business/gm-toledo-electric-drive-investment), 2022-09-23: "General Motors is investing $760 million in its Toledo Propulsion Systems factory, which builds transmissions for gas-powered vehicles, so that it can make electric drive units for electric vehicles, too."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.