Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

General Motors : 2 Millionth Duramax Diesel Engine Rolls off the Line

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/24/2017 | 02:41pm CEST

MORAINE, Ohio - General Motors, DMAX, Ltd. and I.U.E.-CWA Local 755 employees today celebrated the build of the 2 millionth Duramax 6.6L V-8 turbo-diesel engine.

Groundbreaking for the new DMAX, Ltd. plant began in 1998, with the first engine rolling off the line July 17, 2000.

Since then, Duramax engines have won multiple awards and built a reputation for impressive power and durability.

Today, DMAX makes the Duramax diesel engines for heavy-duty Chevrolet Silverado and GMC Sierra pickup trucks. Duramax engines also power some Navistar commercial trucks, Gale Banks vehicles and even marine applications.

DMAX, Ltd. has grown its employment in the past few years and currently employs 554 I.U.E.-CWA Local 755 hourly and 114 salaried employees for a total of 668.

The plant has received two recent investments:

  • 2014: $60 million investment announced for emissions improvements
  • 2015: $82 million investment announced for productivity improvements

Employees are currently building the redesigned Duramax 6.6L V-8 turbo-diesel. This next-generation engine offers more horsepower and torque than ever - an SAE-certified 445 horsepower (332 kW) at 2,800 rpm and 910 lb-ft of torque (1,234 Nm) at 1,600 rpm - to enable easier, more confident hauling and trailering.

Along with a 19 percent increase in max torque over the last Duramax 6.6L, the redesigned turbo-diesel's performance is quieter and smoother, for greater refinement. It is also capable of running on B20 biodiesel, a fuel composed of 20 percent biodiesel and 80 percent conventional diesel. B20 helps lower carbon dioxide emissions and lessen dependence on petroleum. It is a domestically produced, renewable fuel made primarily of plant matter, mostly soybean oil.

DMAX, Ltd. was established in 1998. GM owns 60 percent and Isuzu owns 40 percent of the joint venture.

Quote from GMNA Manufacturing and Labor Relations Vice President Cathy Clegg
'The Duramax Diesel has powered GM's heavy-duty pickups to numerous quality, reliability, durability and truck of the year awards. These awards would not be possible without the hard work of the men and women of the IUE and DMAX.'

Quote from GM Plant Manager Pat Curtis
'Over the past 17 years, DMAX has produced 2 million award-winning heavy-duty diesel engines. This is not only a significant milestone, but truly speaks to the dedication of our team.

'We consider ourselves to be a big part of the community in which we live and work. We have invested both dollars and volunteerism into several local organizations, specifically the Moraine Foundation, which channels all local charitable activities and the promotion of STEM-related opportunities through the West Carrollton HS-FIRST Robotics Club.'

Quote from President, Chief Executive Officer and Chief Operating Officer for DMAX, Ltd. Shinichi Suzuki
'When we started this project, who would have expected we would achieve 2 million engines? I do recognize that although we made 2 million engines, it could not be achieved without the support of all employees. The most important thing is not that the 2 million engines have been manufactured, but that they have been sold by the effort of the entire team.'

Quote from President IUE-CWA Local 755 Carl Kennebrew
'This is a testament to the dedication of our workforce to continue to produce a great product. We have a culture here at DMAX that is based off of teamwork and a family environment. Everyone is dedicated to the vision of our company. I'm so proud of our members and their continued drive to be successful!'

About General Motors Co.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

About Isuzu
Founded in 1916, Isuzu Motors has the longest history of any Japanese vehicle manufacturer. During our years of operation, we have consistently focused on 'creation without compromise' in the process of building Isuzu into the company it is today. And now we are boldly taking up the challenge of global leadership in commercial vehicles and diesel engines while maintaining our traditions.

###

GM - General Motors Company published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 13:41:02 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL MOTORS COMPANY
03/24 GENERAL MOTORS : 2 Millionth Duramax Diesel Engine Rolls off the Line
03/23 GENERAL MOTORS : How self-serve kiosks can rescue corporate dining — part ..
03/23 FORD MOTOR : Higher investments, sales drop to weigh on Ford first-quarter earni..
03/23 FORD MOTOR : Higher investments, sales drop to weigh on Ford first-quarter earni..
03/23 GENERAL MOTORS : Secretary of Transportation Speaks at Women's History Month Cel..
03/23 GENERAL MOTORS : Penn State students meet General Motors sustainability director
03/22 GENERAL MOTORS : Wy using journalism opportunity to become role model for others
03/21 GENERAL MOTORS : Opel innocentée en France
03/21 French prosecutor opens Fiat Chrysler emissions investigation
03/19 ROBERT PEUGEOT : Peugeot family says Opel deal paves way for global expansion - ..
More news
Sector news : Auto & Truck Manufacturers - NEC
03/24 Infineon raises 2017 outlook on stronger automotive orders
03/24 Exclusive - EIB asks French diesel inquiry to probe Renault's use of loans
03/24 VOLKSWAGEN : German environmental lobby sues motor authority over VW scandal
03/24 Germany increases electric car charging points 27 percent in 2016
03/24 BMW China venture's vehicle sales to rise 20 percent in 2017
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
03/25 Why Should You Buy General Motors Despite The Ruckus In The Auto Sector
03/25 U.S. auto sales track higher as incentives jump
03/24 California upholds emissions standards, in public rebuke of Trump's plans
03/24 NOT ONLY GOOGLE : Apple Loves Fiat-Chrysler Too, As Evidenced By New Picture
03/24 WSJ : YouTube ad issue persists, PepsiCo, Wal-Mart Stores, General Motors, Starb..
Advertisement
Financials ($)
Sales 2017 162 659 M
EBIT 2017 10 870 M
Net income 2017 8 744 M
Finance 2017 9 153 M
Yield 2017 4,61%
P/E ratio 2017 5,95
P/E ratio 2018 5,78
EV / Sales 2017 0,26x
EV / Sales 2018 0,26x
Capitalization 51 770 M
More Financials
Chart GENERAL MOTORS COMPANY
Duration : Period :
General Motors Company Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL MOTORS CO...
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 39,3 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MOTORS COMPANY-0.80%51 770
TOYOTA MOTOR CORP-9.42%182 500
DAIMLER AG-0.23%81 489
VOLKSWAGEN AG1.84%74 651
BAYERISCHE MOTOREN WER..-5.71%58 626
HONDA MOTOR CO LTD0.88%55 951
More Results