On Air Now

Listen

Listen Live Now » 106.1 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
44° Feels Like: 44°
Wind: S 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 71°

Tonight

Partly Cloudy 54°

Tomorrow

PM Thunderstorms 77°

Alerts

GM to invest $200 million at its powertrain headquarters near Detroit

PONTIAC, Michigan (Reuters) - General Motors Co on Wednesday said it will invest $200 million to expand its global powertrain engineering headquarters in Pontiac, Michigan, and to shift work there from four other locations by 2014.

GM will build a 138,000 square-foot wing to the site, to be completed in the second half of 2014.

The investment is part of the U.S. automaker's previously announced plan to spend $1.5 billion on its North American facilities this year, up from the $436 million last year. GM invests $8 billion annually in its operations globally.

On Monday, GM said it would invest $600 million to expand its car assembly plant in Kansas City, Kansas.

Pontiac is in suburban Detroit.

(Reporting By Ben Klayman; Editing by Gerald E. McCormick)

Comments