GM to build $370 million plant for Volt engine in Flint

[Faygo Kid]

Source: Detroit News

FLINT -- General Motors Corp. Chairman and CEO Rick Wagoner this morning announced the automaker will invest $370 million in a new manufacturing plant here that will produce a new 4-cylinder engine for the Chevrolet Volt, an extended-range electric vehicle.

In return, GM is receiving millions in tax incentives to build the Volt, which will help ensure Flint, a once-thriving company town that has lost thousands of jobs as the automaker has struggled, will play a key role in the GM's future.

"We are confident that Flint is exactly the right place to build our all-new powertrain plant," Wagoner said in release preceding an event at the Flint Engine South plant, which was expected to draw Gov. Jennifer Granholm and other state and local officials.

"Our competitive business climate, outstanding work force and aggressive strategy to diversify our economy put us in a strong position to win this project and be the state that helps GM produce the cars and trucks that will help end our nation's dependence on foreign oil," Granholm said in a prepared statement. . .


Read more: http://www.detnews.com/apps/pbcs.dll/article?AID=/20080925/AUTO01/809250440

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Not big on tax incentives, but am very happy for Flint. Plus, good to see GM move away from SUVs. All in all, this is good news for a community in need of it.

Right, Michael?