GM Korea Announces Significant Investment To Boost Turbocharged Engines
New fuel-efficient powertrains will support Chevrolet’s local lineup and local manufacturing
Part of GM Korea’s Ecologic strategy for sustainable growth
November 22, 2012 10:14 KST
SEOUL --(Korea Newswire) November 22, 2012 -- GM Korea announced today that the company will make a significant investment in its Bupyeong engine plant in Incheon. This investment is expected to bear fruit as soon as the first half of next year, when GM Korea’s latest technology is introduced in the next-generation four-cylinder turbocharged engines. These engines will power Chevrolet passenger cars and the Chevrolet Trax small SUV.
The retooled Bupyeong facility will produce GM Korea’s first turbocharged gasoline engine. Bupyeong will manufacture the new fuel-efficient turbocharged engines for the company’s small and compact cars as well as its small SUVs sold at home and abroad. The engines will deliver improved fuel economy and performance.
“This significant investment is a clear evidence of GM's long-term commitment in GM Korea and confidence in our ability to offer more advanced engines to satisfy our customers,” said GM Korea President and CEO Sergio Rocha. “As car buyers continue to make fuel efficiency and performance a priority, we must remain committed to developing competitive, innovative solutions to exceed their expectations.”
At the 2012 Busan Motor Show GM Korea introduced its strategy for sustainable growth. Known as Ecologic, this strategy involves the adoption of fuel-saving technologies, end-of-life recyclability and responsible manufacturing.
GM Korea is currently rolling out environmentally friendly products with improved fuel economy. The company has introduced clean diesel engines in the Chevrolet Cruze and Orlando. GM Korea has also launched the Alpheon eAssist, the first hybrid car in the large sedan segment in Korea.
During its 10th anniversary celebration in October, the company announced that it will begin production of the all-electric Chevrolet Spark at its Changwon plant next year, and will continue developing a variety of fuel-saving powertrains and technologies.
By 2013 GM Korea will be one of three operations manufacturing small turbocharged engines within GM. This new engine delivers the technology and powertrain solutions that offers consumers the best fuel economy and performance. In the U.S., Chevrolet Cruze Eco and Sonic with the 1.4L turbo engine and six-speed transmission are proving to be two of the Best Family Cars for 2012 with the best fuel economy and performance according to Edmunds.com and Parents magazine.
The investment will support tooling and equipment upgrades.
GM Korea has invested an average of more than KRW 1 trillion annually in Korea over the last 10 years. The company will continue to make significant investments annually in new vehicles and powertrains, eco-friendly vehicles, and design and engineering.
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