GM to invest close to $1B in 4 US factories, 2 in Michigan

General Motors is investing $918 million in four U.S. plants to expand production of V8 engines for small full-size pickups and large SUVs, and to manufacture component parts for electric vehicles.

GM made the announcement Friday at the Flint Engine Plant where GM leaders, UAW leaders and Michigan Lt. Gov. Garlin Gilchrist gathered. As part of the investment, new products will be built at his two plants in Michigan, the Flint Engine Operations and the Bay City Powertrain facility.

Of the $918 million, $854 million will prepare a facility to build GM’s sixth-generation small block V-8 engine, which will be used in Chevrolet Camaros, small pickups and large SUVs, according to GM. used to An additional $64 million will be invested in the Rochester, New York, and Defiance, Ohio operations to manufacture castings and components to support GM’s EV production.

GM spokesman Dan Flores said the focus of all investments is job retention. In total, this means about 2,400 union and salaried jobs will be preserved.

Flores also said these investments will help GM strengthen its full-size pickup and SUV businesses. Because this new V-8 engine gives GM vehicles a performance edge in a highly competitive market segment, GM’s pickup and SUV sales are key to GM’s profits, and GM’s 2035 It aims to move to a zero-emission lineup by 2020, which will help fund GM’s EV development. GM said in a media release: An upgrade to GM’s next-generation V-8 engine has not been released at this time. ”

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