General Motors' latest investment will provide tools and equipment to support production of future electric vehicle components. The company announced on Friday that it will invest $325 million in its Warren, Mich., plant and create or retain 418 jobs.
The plant's current 679 employees produce transmissions for the Chevrolet Traverse, Buick Enclave and GMC Acadia crossovers and the Chevrolet Malibu sedan.
The 2.1-million-square-foot plant, equivalent to the area of 15 city blocks, produced more than 338,000 transmissions in 2010, the company said in a press release.
"This investment in the future recognizes the excellent work force and operation of this plant," said GM Manufacturing Manager Gerald Johnson in the release. "While we aren't sharing many details about this product, I can tell you that this investment demonstrates how GM, working with our UAW partners, continues to innovate and bring new electrification solutions to our customers."
Last spring, the company announced it would invest $2 billion and add an additional 4,000 jobs in 17 U.S. plants.