UPDATE 1-GM to invest $163 mln at three US plants

* Investments cover two plants in Michigan, one in Ohio

* GM adding engine production for Cruze, Volt, small car

* Investment will lift capacity to 1,200 engines per day

DETROIT, Nov 24 (BestGrowthStock) – General Motors Co (GM.N: ) plans
to invest $163 million at plants in Michigan and Ohio to add
engine production for the Chevrolet Cruze, the Chevy Volt and
an unnamed new small car, the automaker said on Wednesday.

GM said the planned investments would protect 184 jobs at
the facilities, which include an engine plant in Flint,
Michigan; a components plant in Bay City, Michigan; and a
casting plant in Defiance, Ohio.

The automaker plans increased production of a 1.4 liter
engine used in the Cruze compact car and a variation on that
engine used in the Volt plug-in hybrid at the Flint plant.

GM expects to begin producing of 400 engines per day at the
Flint plant in early 2011, increasing that to about 800 per day
by late 2011. The added investment allows GM to increase
production capacity to 1,200 engines per day by late 2012.

The automaker assembles the Cruze in Lordstown, Ohio, and
the Volt at its plant that straddles Hamtramck, Michigan, and
Detroit. It plans to build the new small car at a plant in
Orion, Michigan, north of Detroit.

GM also builds a 3.6 liter V6 high feature engine at the
Flint plant that is used in its Chevy Traverse, Buick Enclave
and GMC Acadia crossovers and Cadillac CTS and STS cars. Those
vehicles are assembled at plants in Lansing, Michigan.

Last year, GM said it expected to have the Flint plant
retooled to produce engines for the Cruze and the Volt by late
2010.
(Reporting by David Bailey, editing by Gerald E. McCormick)

UPDATE 1-GM to invest $163 mln at three US plants