The details of GM’s Michigan announcement are
out, and as we
expected, it’s good news (for a change).
GM will invest $500 million in its Pontiac Assembly Center, a
stamping plant, an engine plant, a transmission plant, and its Lansing Grand River assembly plant, according to the
Detroit News.
The investment will cover retooling to build GM’s newly redesigned full-sized pickups, and
Cadillac’s CTS sedan. An additional 200 employees will be required to build the pickups – jobs that will be filled with
existing employees, idle workers or Delphi workers transferring back to GM.
Although the announcement is
really business as usual for the automaker – retooling for new products is pretty routine – the fact that the press
conference will be attended by a host of politicians, including Governor Jennifer Granholm, is a measure of how
desperate the industry and everyone connected with it are for a little good news.