Wednesday, April 16 2014 10:54 PM EDT2014-04-17 02:54:16 GMT
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BEDFORD, Ind. (AP) -- General Motors says it plans to invest nearly $30 million for the production of two new engines and other auto parts at its Bedford Castings plant in southern Indiana.
GM said Thursday the Bedford plant will receive $19 million to produce components for a small gas engine and $10.4 million to produce components for a new 8-speed and existing 6-speed transmissions.
The money is part of a $332 million investment GM plans to make at four plants in Indiana, Ohio and Michigan. The money will finance production of new, small V-6 engines and more fuel efficient eight-speed transmissions.
Company officials say the investment will help preserve 1,650 jobs at the four plants.