updated 6/26/2009 1:22:16 PM ET 2009-06-26T17:22:16

General Motors Corp. confirmed Friday it will use an idled assembly plant in Orion Township, Mich., and a parts stamping facility in Pontiac, Mich., to build small and compact cars, a move expected save 1,400 jobs.

The decision is dependent on the outcome of negotiations between the company and the state on incentives, GM said in a statement.

A person briefed on the decision told The Associated Press on Thursday that Orion Township, about 40 miles north of Detroit, had been chosen.

The plant beat out plants in Spring Hill, Tenn., and Janesville, Wis., for the work.

GM says the Orion assembly plant is expected to be retooled and run on two shifts, building 160,000 vehicles annually.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.94%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com