General Motors Company (NYSE:GM) has announced that they are investing $163 million in three manufacturing plants across Michigan (Bay City and Flint) and Ohio (Defiance). The money will be spent to expand engine production for the Chevy Volt and the Chevy Cruze.
The investment will help retain 184 jobs at these plant. GM will invest about $138 million for the 1.4 liter engine production for the Cruze and Volt in Flint, retaining 135 jobs in the process.
Flint Engine will increase production in 2011. This will expand engine production to 1,200 per day. GM will invest $12.7 million in Bay City and $12.2 million will be invested in Defiance.