General Motors is investing $22 million to build fuel efficient V-8 engines
Published Date | 2019 January 25
$22 million investment by General Motors for the manufacturing complex in Tennessee to build high-tech, fuel-saving V-8 engines will drive the Global Automotive Engine Market in the coming year.Global: The automaker has already invested $2 billion into the plant since 2010 and is planning for more $300 million investment at Spring Hill to make the Cadillac XT6, a three-row sports utility vehicle. The engines will have additional features as compared to the available variety of full-size vehicles GM makes, notably the GMC Sierra 1500 pickup and the Chevrolet Silverado 1500 pickup truck. They are armed with a technology that turns different cylinders on and off in the engine depending on the driver’s needs. Whenever the power is needed the engine can run all eight cylinders for acceleration or towing. It can also reduce the number of cylinders operating when not needed to save on fuel. The engines can be operated the eight cylinders in an array of 17 different patterns, depending on the need. Spring Hill currently builds both four- and eight-cylinder engines and assembles an array of vehicles. In addition to the XT6, GM also makes GMC Acadia SUV, the Cadillac XT5 mid-size SUV, and the Holden Acadia, an SUV made for export. “We in the UAW will continue to encourage and support GM investing in their U.S.A. plants like Spring Hill, Tennessee and around the country,” said- Terry Dittes United Auto Workers union Vice President and Director of the GM Department, in a statement. “Building product where you sell is good for our members, their families, the communities and all of America” According to BlueWeave Consulting, Automotive emission, which is responsible for over 25% of the overall greenhouse emissions, rang alarms globally in the past few years. This result the automakers to cut down the emission. A key factor driving the growth of the global automotive engine market is the engine downsizing regulations. With the growing stress on reducing carbon dioxide emissions and boosting fuel efficiency, OEMs have focused on downsizing internal combustion engines. All these factors forced automakers to develop better automobiles with lesser emission and better fuel efficiency. This also propels the global automotive engine market. However, the growing automotive sector in developing countries, increasing vehicle owing households, and advancements in tensile alloys are also opening new prospects for the automotive engine market. Downsizing is assumed to reduce fuel consumption, which can be achieved by reducing engine displacement while increasing the power/displacement ratio. As a result, increase in production shift to three-cylinder combustion engines from the conventional four-cylinder combustion engines. This, in turn, will fuel the growth of the global automotive engines market. According to BlueWeave Consulting upcoming report, Titled- Global Automotive Engine Market, By Placement Type (In-Line Engine and V-Type Engine), By Vehicle Type (Passenger, LCV, HCV), By Fuel Type (Gasoline, Diesel and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Size and Forecast, 2019-2025, Engine downsizing trends are on the rise, with automakers developing smaller engines with better fuel instillation systems. L4 and V6 engines dominated the automotive engine market by placement type during last few years. Now, passenger cars are recognized to continue their dominance as the major vehicle type in the market. On the basis of Fuel Type gasoline and diesel engines accounted for over 60% of the overall market. However, due to fluctuating global oil prices and growing environmental concerns among the consumer and governments, the market for other engines, such as hybrid and Compressed Natural Gas (CNG), is expected to observe a higher growth rate by 2020.