GM To Invest $450 Million In Two Michigan Plants: Detroit News
General Motors Co (GM.
N) is expected to announce on Tuesday a $450 million investment plan in two of its Michigan plants to bolster its electric car research and production capabilities, the Detroit News reported, citing people familiar with the matter.
The investment is expected to add 1,400 jobs and it will be divided between GM's Detroit-Hamtramck assembly plant and Brownstown township battery assembly facility in Michigan, the newspaper said.
com/ver38v) "GM has nothing to offer on this," company spokesman Alan Adler told Reuters in an email reply.
GM's head of manufacturing for North America will be speaking at an Automotive Press Association lunch on Tuesday, he said.
In December, the company announced a $121 million investment plan to strengthen its logistics at the Detroit-Hamtramck plant that makes the plug-in hybrid Volt.
General Motors has been struggling to increase the sales of its electric car Volt which registered a 57 percent drop last year.