General Motors said on Monday it will invest nearly $1.3 billion at five U.S. plants to make a new transmission and boost output for a planned new engine as well as add a vehicle paint shop.
GM, the No. 1 U.S. automaker, said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs combined, but did not say how many will be new jobs. The five plants employ about 7,500 people.
The investment is part of $8 billion that GM typically spends annually on its global operations and will be used to make a new 10-speed transmission and boost planned output of a new V6 engine as well as support production of an existing six-speed transmission, the company said. GM also will add a new paint shop and logistics center.