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GM to Spend Nearly $900 Million on Plant Upgrades

Move will save 1,600 jobs.

by on Apr.27, 2010

The latest GM investment will help produce a new, more efficient line of V8s.

Barely a week after announcing big investments in plants in Kansas and Detroit, General Motors is ready to invest another $890 million in five more North American factories – a move that sources say should save or add 1,600 union jobs.

The primary investment, totaling about $400 million, will go into GM’s V8 engine plant in Tonawanda, New York.  It’s part of an effort to launch an all-new powertrain for products like the Chevrolet Silverado.

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Other plants on the list include an aluminum foundry in Bedford, Indiana – where employment had plunged, in recent years, from 1,200 to just 366 – Bay City, Michigan, Ste. Catherines, Ontario and Defiance, Ohio.