General Motors and Isuzu announced that they will be investing $60 million in their joint venture DMAX Ltd., which makes diesel engines for heavy duty trucks. Reuters reports that thw investment in technologies at the Moraine, Ohio plant will make design changes to meet future emission regulations easier. GM says that 500 jobs will be retained due to the expenditure. DMAX has produced almost 1.6 million diesel engines since it started operations in 2000. Isuzu owns 40% of DMAX and GM owns the remaining 60% controlling interest. (Read More…)
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