General Motors said that it will build a $174 million stamping plant at its Lansing Grand River Assembly Plant in Michigan, reports The Detroit News.
The new plant will stamp parts for the Cadillac ATS and CTS vehicles, as well as a future car, according to the automaker.
GM plans to move the next-generation Chevrolet Camaro to the plant from Oshawa, Ontario, Canada.
The new stamping plant will open in 2016, GM said, adding that it will save the automaker about $14 million in logistics costs.
Source: The Detroit News