General Motors said Thursday it will invest $331.8 million
into four powertrain plants located in Michigan, Ohio and Indiana. Bay City and
Flint will receive the most attention, getting $31.7 million and $215 million
respectively. The investments will help
GM build a more fuel-efficient transmission and an eight-speed transmission.
The large investments will not create any new jobs, however expected to retain
1,650 jobs.
These investments are part of the $1.5 billion GM reported
earlier this year it would invest in North American plants. GM has announced a
total of $1.2 billion of the sum to be invested this year.
The Flint plant will be getting the bulk of the money- $215
million- to build a small Ecotec engine and upgrade for the current v-6 engine.
GM said the new engine being constructed in Flint will be
part of a new family of engines that includes three-cylinder and four-cylinder
engines.
The Toledo operation will receive $55.7 million to help
boost capacity and production of an all new eight-speed automatic transmission
in addition to the six-speed transmission already being built there.