General Motors Corp., said the company will in the United States, Michigan (Michigan) Flint and Bay City's $ 109,000,000 investment in two plants, two plants in order to expand product lines. This will increase by about 96 local jobs.
It is understood that General Motors Corp. The investment is mainly for the production of the new engine, the engine will be powered by GM's Cruze cars in the snow and Folan Wo Landa (Volt) electric vehicles. GM said the amount involved an investment of 109 million before the investment of $ 2,000,000,000 common part of the plan.
General Motors said that about 84 million U.S. dollars will be used to enhance the Flint plant's 1.4-liter four-cylinder engine production capacity, will invest another $ 25,000,000 to the Bay City plant for the production of 1.4-liter four-cylinder engine accessories.
General Motors had announced May 10 that the company will invest about 20 billion U.S. dollars for the upgrade and expansion of U.S. factories, the investment in the eight states involved in GM's seventeen factories. The entire investment plan will be completed in the next few years, and for the general United States increased by more than 4,000 jobs.
The first quarter of 2011, General Motors earnings recovery in the U.S. and Asia, driven by strong sales and net profit more than tripled from a year earlier to 3.2 billion U.S. dollars, exceeding earlier expectations.
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