GM to Invest $1.3 Billion at Plants in Michigan, Ohio, Indiana

By Matthew Askari | December 17, 2013
General Motors will invest nearly $1.3 billion in five manufacturing facilities, including a heavy investment in its Flint Assembly Plant. The Flint plant will receive a $600 million dollar investment, with much of that going to a new environmentally friendly paint shop that uses water-based paint. GM North America president Mark Reuss made the announcement Monday inside the Flint plant, as UAW Local 598 members cheered him on, according to a Detroit News report. Reuss said "When we needed it most, this country, America invested in us. That's why it's especially gratifying to be doing so well now to be in a position to invest again in this great country." The investments will also benefit plants in Detroit and Romulus, Michigan, Toledo, Ohio, Bedford, Indiana. The money will go towards development of a new V-6 engine, a new 10-speed transmission, and an existing six-speed transmission. $121 million will also go to the Detroit-Hamtramck Assembly for a logistics center, which is expected to create more than 200 jobs in the next few years. UAW vice president Joe Ashton hailed the announcement as a win for American workers, saying "this is further proof that collective bargaining works." The new announced investments are part of $2.8 billion that GM has said it would spend in 2013 alone, and $10.1 billion since 2009. Source: Detroit News