DETROIT (Reuters) - General Motors Co plans to invest $88 million in equipment and tooling for an unspecified new model to be built at its Lansing Grand River assembly plant in Michigan.
The plant currently builds three models of the mid-size Cadillac CTS car -- sedan, coupe and wagon -- along with a high-powered V-series version of each model.
The high-powered wagon is the least fuel-efficient small station wagon on the U.S. market, according to the U.S. Department of Energy website www.fueleconomy.gov, which rates the vehicle at 12 miles to the gallon in city driving and 18 miles on the highway.
The Lansing Grand River plant currently employs 917 hourly and salaried employees, GM said.
The investment is part of GM's previously announced plan to invest $2 billion in 17 U.S. plants.
Among the investments GM has already announced are $331 million at a Texas SUV plant, $109 million at two Michigan plants in Flint and Bay City, and $131 million at a Kentucky plant to build a new version of the Corvette sports car.
(Reporting by Mike Miller, editing by Gerald E. McCormick)