GKN Driveline Starting Five-Year CapEx Program

  Source:  Forge

GKN Driveline has committed to a five-year, $179-million capital-investment program at five manufacturing operations in North Carolina, taking advantage of several state and local subsidies in four counties. The manufacturer indicates the investments will add 302 new positions to its payroll in the state, where it already employs an estimated 2,700 workers.

GKN Driveline designs and manufactures a variety of automotive driveline components and systems, including constant-velocity joint (CVJ) systems, all-wheel drive systems, trans-axle systems, and eDrive systems. It is one of four business units of the British engineering group GKN plc.

Read More:  GKN Driveline Starting Five-Year CapEx Program by Robert Brooks