GM to invest $918 million in new V-8 gas engines and EV components

General Motors plans to invest nearly $1 billion in four U.S. plants to support production of components for electric vehicles and its next generation of V-8 engines. It's a

signal that the company will keep relying on gas-powered vehicles for the foreseeable future. GM has said it plans to offer an exclusively electric-powered lineup by

2035. FLINT, Mich. — General Motors plans to invest nearly $1 billion in four U.S. plants to support production of components for electric vehicles as well as its next

generation of V-8 engines, signaling gas-powered trucks and performance cars are here for the foreseeable future. The $918 million investment, which GM announced Friday, is

despite the automaker's plans to exclusively offer all-electric consumer vehicles by 2035. It's the latest example of legacy automakers such as GM having to balance their current

lineup of vehicles with emerging EVs. A majority of the investment — $579 million — will go toward preparing GM's Flint Engine Operations plant in Michigan for the

automaker's sixth-generation family of small-block V-8 gas engines. The engines are used in some of the automaker's most highly profitable products, such as its full-size

pickup trucks and SUVs. They've also been used in some Cadillac and Chevrolet performance cars. GM said work at the Flint facility will begin immediately, signaling the

next-generation V-8 engines are on the horizon. The automaker declined to elaborate on timing, performance and other details of the engines. The last new family of V-8 engines

came about in 2013.