GM reveals some plans for $2 billion investment
General Motors will invest $109 million in its operations in Flint and Bay City, Mich., to support engine production. The investment saves/adds 97 jobs.
General Motors on Tuesdaya $2 billion investment for plant improvements, and to be save or add 4,000 jobs, in 17 U.S. states.
The automaker today announced plans for where some of the money will allocated.
GM will invest $109 million in its operations in Flint and Bay City, Mich., to support engine production for current and future fuel-efficient small cars produced for the U.S. market. The investment will also save or add 96 jobs at the two sites, GM said in a release.
The company will use the bulk of the investment, $84 million, at the Flint Engine Operations to increase 1.4-liter engine capacity. Bay City's investment of $25 million is for connecting rods and camshafts used in the engine.
"This investment marks the second major increase in engine and engine component output in less than six months--a sign that GM is moving quickly to meet growing demand for more fuel-efficient cars," said Terri Burden, Flint Engine Operations plant manager.