General Motors has plans to invest $918 million in four of its plants to build its sixth-generation small block V-8 engine and to support electric vehicle production.
The Flint Engine Operations plant in Flint, Mich., will get $579 million for new V-8 engine production. GM will invest $216 million in its Bay City, Mich., GPS plant to support Flint engine production.
Defiance, Ohio, will get a $55 million investment, including $8 million to "support future EV strategies." And in Rochester, N.Y., GM plans to invest $68 million, including $56 million for battery pack cooling lines for EV production.
The U.S. Department of Energy reached an agreement in December on a $2.5 billion loan for a partnership between General Motors and LG Energy Solutions to construct three EV battery facilities in Michigan, Ohio and Tennessee.
