GM’s Flint, Saginaw and Grand Rapids plants to share US$356M cash influx
Investment in engine line, components plants will create 50 jobs
FLINT, Mich.—Three General Motors plants in the company’s home state of Michigan are about to get a major boost.
GM has announced plans to invest US$263 million in a new engine line in Flint as well as $50 million and $43.25 million in driveline and powertrain components in Saginaw and Grand Rapids respectively. The projects will create more than 50 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,” Bill Shaw, GM North America manufacturing manager, said.
The investments in the Michigan plants coincide with an amended agreement struck between the automaker and the Michigan Strategic Fund. As part of the deal, GM agreed to invest $1 billion in Michigan by 2030. With the $356.35 million announcement, the company is already more than a third of the way to reaching that benchmark.
Over the course of 2015, GM has invested $7.1 billion in its U.S. facilities.