DETROIT (Reuters) -- General Motors is investing $325 million on tools and equipment to support production of future electric vehicle parts at a plant near Detroit.
The company did not disclose the timing of the project.
"While we aren't sharing many details about this product, I can tell you that this investment demonstrates how GM, working with our UAW partners, continues to innovate and bring new electrification solutions to our customers," Gerald Johnson, GM's manufacturing manager, said in a statement.
A summary of GM's new four-year labor pact with the UAW -- released by the union last month -- said 360 jobs will be added at the plant for a new transmission that was originally slated to built in Mexico.
The union says the project and jobs were brought to the U.S. plant during negotiations for the new contract.
GM said today the investment would add or retain 418 hourly and salaried jobs at the plant in Warren, Mich., that makes six-speed automatic transmissions for the Chevrolet Traverse, Buick Enclave, GMC Acadia crossover vehicles and Chevy Malibu sedan.
GM did not disclose how the jobs break down between new and retained.
The plant currently employs 679 people.
The 2.1-million-square-foot facility, equivalent to the area of 15 city blocks, produced more than 338,000 transmissions in 2010, GM said.