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GM to invest $69 mln to build new diesel engine

Tue Feb 5, 2008 9:00am EST

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DETROIT, Feb 5 (Reuters) - General Motors Corp GM.N on Tuesday announced a $69 million investment in an Ohio plant to manufacture a new diesel engine that will meet U.S. emission standards due to go into effect in 2010.

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The investment will include renovation of the DMAX plant in Moraine, Ohio, plus new machinery and tooling to support production of the Duramax 6.6 liter V-8 engine. Production of the new engine is due to start in January 2010.

The DMAX plant is a joint venture with Isuzu Motors Ltd (7202.T). GM owns 60 percent of the joint venture, Isuzu owns 40 percent.

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