GM earmarks over $1 billion toward gas-engine output in US, Canada

By Kalea Hall

DETROIT, ‌April 29 (Reuters) - ​General ​Motors is investing about $1.4 billion in three U.S. factories and one Canadian ‌plant that produce gas engines, transmissions and ⁠metal castings, the automaker said on Wednesday, bolstering its ‌ability to make combustion-engine ‌cars as demand for electric vehicles wanes.

The investments also come as President Donald Trump's administration ​continues to pressure companies to invest more in the United States. GM noted it ⁠has invested $6 billion in the past year on factories in ​the U.S.

Here are the details:

• The investments will support the launch of GM's ​next-generation trucks and full-size ‌SUVs, such as the Chevrolet Silverado and Cadillac Escalade.

• GM is investing $300 ⁠million at a plant in Romulus, Michigan, to increase transmission production.

• The automaker is investing $150 million ⁠in a casting plant in Saginaw, Michigan, to increase ​the output of engine parts.

• Another $40 million is going to a plant in Toledo, Ohio, to increase transmission ‌production.

• In Canada, GM said it's investing 691 million Canadian dollars ($504.9 million ‌U.S. dollars) for production of the next ⁠generation of its ‌V-8 engine at ​a plant in Ontario.

(Reporting by Kalea Hall; Editing by Mike Colias and Nick ‌Zieminski)

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