From CNBC
General Motors said Thursday it will invest $22 million in its Spring Hill manufacturing complex in Tennessee to build high-tech, fuel-saving V-8 engines.
The announcement follows a $300 million investment at Spring Hill to make the Cadillac XT6, a three-row sport utility vehicle unveiled at the Detroit auto show in mid-January. The automaker said it has sunk $2 billion into the plant since 2010.
It also comes months after the largest U.S. automaker said it will cut up to 14,000 jobs in North America as it realigns its product portfolio away from slow-selling sedans. No new jobs at Spring Hill will be added as a result of the engine investment, said GM spokesman Dan Flores, but the XT6 project will add more than 200 jobs there.
General Motors said Thursday it will invest $22 million in its Spring Hill manufacturing complex in Tennessee to build high-tech, fuel-saving V-8 engines.
The announcement follows a $300 million investment at Spring Hill to make the Cadillac XT6, a three-row sport utility vehicle unveiled at the Detroit auto show in mid-January. The automaker said it has sunk $2 billion into the plant since 2010.
It also comes months after the largest U.S. automaker said it will cut up to 14,000 jobs in North America as it realigns its product portfolio away from slow-selling sedans. No new jobs at Spring Hill will be added as a result of the engine investment, said GM spokesman Dan Flores, but the XT6 project will add more than 200 jobs there.
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