General Motors is giving another boost to its hometown of Detroit, a city in dire fiscal straits.
The automaker on Tuesday announced a $384 million upgrade to its plant that spans Detroit and the neighboring city of Hamtramck.
It is one of two automakers that still have plants in the one-time auto capital, which is working through the country's largest-ever public sector bankruptcy.
The GM investment includes upgrades to the assembly lines for the Chevrolet Volt and "two future products," the company said. The Detroit-Hamtramck plant currently assembles several electric vehicles, including the Volt and Cadillac ELR, as well as Chevy's Impala and Malibu sedans.
With this investment, General Motors ( said it has spent over $1 billion on the Detroit-Hamtramck plant, which employs about 1,600 people. )
GM will also invest $65 in a nearby battery production plant.
Michigan Gov. Rick Snyder called the announcement "good news" for the Detroit and state economies.
Last fall, GM cut the Volt's sticker price from $40,000 to $35,000.
CEO Mary Barra, a longtime employee who took the top position in January, was once manager of the Detroit-Hamtramck plant. She is currently steering the company through a series of recalls totaling about 7 million vehicles.