General Motors will invest $119 million in tools and equipment to support production of future vehicle components at a Grand Rapids, Mich., components plant, GM has announced.
The investment will support the Chevrolet, Buick, GMC, and Cadillac brands. It will create about 300 jobs.
About 500 employees at Grand Rapids Operations now produce a variety of precision-machined components for the four brands.
The investment in the GM Components Holdings, LLC plant is part of the $5.4 billion investment in U.S. facilities that GM announced April 30.
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