General Motors officials announced on Monday that they plan to spend $245 million for an "all-new vehicle program," which is expected to add 300 jobs at its Orion Assembly plant in Michigan.
Although the name of the program has not been announced, company officials did reveal that they would begin the initiative in three to four years.
The company is also planning to spend $1 billion for the renovation of its aging Warren Technical Center, which is expected to generate 2,600 new salaried jobs, according to the Wall Street Journal.
The 59-year-old Tech Center, which serves as the company's home base for engineering and manufacturing design, will begin receiving improvements early next month. Renovations are expected to last until 2018.
Most of the new jobs that will be generated revolve around information technology, research, engineering and design.
"When you walk across the street and into our lab and test facility there, that is not something I'm proud of," GM Product Chief Mark Reuss said on Thursday, according to the Wall Street Journal.
"So those are the opportunities to really go in there and clean house and get it right and get our laboratories and R&D piece of it state-of-the-art once again."
The improved Warren Technical Center will include development offices, design studios and parking facilities. A separate information technology building will also be included.
Tech Center improvements will fix flood damage from heavy rains that struck Michigan last August.
