General Motors Co. GM -2.23% on Tuesday announced a $449 million investment in two Michigan plants to bolster the development and production of its Chevrolet Volt and Cadillac ELR hybrid-electric vehicles.
The funding will be split between the auto maker's Detroit-Hamtramck car-assembly plant and the Brownstown Township battery factory, which produces batteries for the Volt. The money will be spent over the next two years. The $384 million to be spent on the Detroit-Hamtramck factory will also support future production of two other models at the plant but details weren't provided.
Source
The Wall Street Journal