DETROIT -- General Motors Co. will spend $215 million at a metal casting plant in Saginaw, Mich., to build components for a new engine program.
The investment unveiled today is part of $2.5 billion that GM pledged to spend on plant upgrades and product programs under its new labor agreement with the UAW. The four-year pact will create or retain more than 6,400 jobs.
The Saginaw casting factory already builds engine blocks and cylinder heads for cars including the Buick LaCrosse and Chevrolet Malibu.
Kim Carpenter, a GM spokeswoman, said the plant will also benefit from the creation or retention of an estimated 275 jobs, both salary and hourly.
The plant currently employs 630 workers on two shifts,
"Any time you invest in a facility to increase their equipment and technology it helps secure their future and helps them be more competitive," Carpenter said.
GM said the money will be used for new tooling and equipment for the future production of engine block and head castings.
On Monday, GM officials will unveil investments planned for an engine plant in Romulus, Mich.
Under the UAW deal, GM agreed to a new engine program that will benefit the engine factory, though company officials would not share specifics on the announcement.