GM to Invest $356 Million at 3 Plants in Michigan
FLINT, Mich. – General Motors will invest more than $356 million in a new engine line in Flint and driveline and powertrain components in Saginaw and Grand Rapids, creating more than 50 jobs and helping to retain nearly 500 positions, the company announced Tuesday.
The announcement came on the same day as an amended agreement was reached between GM and the Michigan Strategic Fund under the Michigan Economic Growth Authority tax credit program. As part of the amended agreement, GM will invest $1 billion in Michigan by 2030.
Since 2009, GM has made investment commitments in Michigan of more than $9 billion, the automaker noted, “far exceed[ing] its original investment commitment under the Michigan Economic Growth Authority agreement,” the company said.
The $356 million in investments announced Tuesday include:
- Flint Engine Operations: $263 million for a future engine program. The investment retains approximately 410 hourly and salaried jobs at the plant.
- Saginaw Metal Casting Operations: $50 million for driveline components. The investment retains 68 jobs.
- Grand Rapids Operations: $43.35 million for powertrain components. The investment creates 55 and retains 15 jobs.
“These investments will better position GM and its work force to produce high quality engines and components for customers who demand greater fuel efficiency and performance from our vehicles,’ said Bill Shaw, GM North America manufacturing manager.
Details pertaining to the engine programs and associated vehicles will be released at a later date, the company said.
This year GM has announced $7.1 billion in planned investments at its plants in the United States. That total includes $353.4 million announced recently at four other Midwest sites:
- Bedford, Ind.: $127.4 million for engine components
- Bowling Green, Ky.: $44 million for increased engine capacity
- D-Max/Moraine, Ohio: $82 million for productivity improvements
- Defiance, Ohio: $100 million for engine components
Pictured: Flint Engine Operations assembly line.
SOURCE: General Motors Co.
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