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GM Investing $88M In Michigan Plant

General Motors says it will invest $88 million in a Cadillac factory in Lansing, Michigan, but the investment won't create any new jobs.

DETROIT (AP) -- General Motors says it will invest $88 million in a Cadillac factory in Lansing, Michigan.

The company says the investment won't create any new jobs but will equip the plant to make a new model. The factory now has 971 workers and makes the Cadillac CTS sports sedan. GM wouldn't identify the new model, but the CTS is due to be revamped soon.

Tuesday's announcement is part of a $2 billion investment in 17 U.S. factories that the company announced on May 10.

Previously GM announced in October that it will spend $190 million to build a new small Cadillac at the Lansing Grand River plant, adding 600 jobs and a second shift.