GM to build $174 million Cadillac stamping plant in Michigan

General Motors Co (GM.N) will start construction this fall on a $174 million (104.24 million pound) stamping plant in Lansing, Michigan, that will make components for the nearby Lansing Grand River assembly plant, the company said on Wednesday.

The plant, which will stamp steel into auto components like hoods and door panels, will create or retain about 145 jobs.

It will produce components for Cadillac ATS and Cadillac CTS vehicles and a future product the company has not yet announced.

Source: 
Reuters