Source: Reuters
- Upgrades for next-gen V8 engines for pickup trucks
- GM spending on plants up since bankruptcy (Adds company confirmation, plant spending since bankruptcy, details on new engines)
DETROIT, April 27 (Reuters) — General Motors Co [GM.UL] on Tuesday said it would invest about $890 million to upgrade five North American plants to build the next-generation V8 engine for its full-sized pickup trucks.
The investment will allow GM to retain laid-off workers, and perhaps create new jobs. In all, about 1,600 jobs would be restored or created, GM said.
Since emerging from bankruptcy, GM has committed to invest $2.3 billion at 22 U.S. and Canadian sites, restoring or creating about 9,100 jobs, the company said.
The automaker will invest $400 million at its plant in Tonawanda, New York; $235 million at St. Catharines, Ontario; $115 million at Defiance, Ohio; $111 million at Bedford, Indiana; and $32 million at Bay City, Michigan.
