In an effort to keep up with the foreign competition, while at the same time offering consumers more ratios than they can shake their stick at, General Motors has made a pledge to invest $332 million into its Toledo, Ohio plant.

The financial infusion is necessary to produce the new Hydra-matic GT40/45 six-speed transmission, designed for GM's midsized, front drivers, with production expected to begin in February of 2010. The FWD tranny will be built alongside the new rear-wheel drive six-speed that was announced last year.

Although the General's progress with six-speed cog-swappers is all well and good, 2010 seems like a long way out considering that several other automakers have already moved on to seven- and eight-speed transmissions.

[Source: Inside Line]