General Motors Co. said today it is investing about $129 million in Midwest plants to support making eAssist versions of the Buick LaCrosse and Chevrolet Malibu.
The money is part of $2 billion being invested in 17 facilities in eight states over the next 18 months and will create or retain 4,000 jobs.
The Toledo plant was previously targeted for a $204 million investment, but will now get an additional $83 million for enhancements to a six-speed transmission already produced in the plant that will be used in the Buick Lacrosse beginning this fall and the 2013 Chevrolet Malibu early next year.
Separately, an investment of $15 million to $20 million is planned that will retain 60 jobs at the GM Components Holding plant in Wyoming, Mich. The investment will support various powertrain projects.
“GM continually assesses its product offerings and makes adjustments to meet consumer demand,” said Cathy Clegg, GM vice president of labor relations. “GM is moving quickly to get more fuel-efficient technologies into our vehicles to benefit the consumer, and these investments are an example of the speed with which we are responding.”