GM building stamping plant in Michigan

Automaker General Motors is building a new US$174-million stamping facility that will create or retain about 145 jobs in Michigan.

The new facility, part of the company’s Lansing Grand River Assembly Plant, will produce stamping components for the Cadillac ATS and Cadillac CTS family of vehicles and a future product.

The new facility, which comes on line in 2016, will save about US$14 million a year in logistics costs tied to material handling, GM said.

Built in 2001, Lansing Grand River is GM’s second-newest U.S. assembly plant and the manufacturing home of the Cadillac ATS, CTS and the CTS V-series performance versions. Earlier this year, Motor Trend magazine recognized the all-new 2014 Cadillac CTS sedan with its Car of the Year award.