GM to invest more than $6.5 billion in Michigan
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.REUTERS/Rebecca Cook/File Photo
WASHINGTON/DETROIT (Reuters) – General Motors (NYSE:) and a joint venture with LG Energy Solution are to set announce investments of more than $6.5 billion next week in Michigan, according to a state document and sources briefed on the matter.
The Michigan Strategic Fund said Friday it plans to consider a Tuesday board meeting GM’s and the joint venture’s plans to invest $6.5 billion and add 4,000 jobs at sites in Lansing and Orion Township.
Reuters reported in December GM had proposed building a $2.5 billion battery plant near Lansing with LG Energy Solution. Reuters also reported GM was separately considering a $2 billion overhaul of its Orion Township to build next-generation electric vehicles.
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