General Motors is investing $145 million and creating 350 jobs at its Orion Assembly Center in Orion Township, Michigan. The facility will manufacture the Buick Verano model, a new compact sedan, as well as a new Chevrolet small car.

"Verano will bring premium styling, performance, and content to Buick buyers wanting a smaller car than Regal," said GM North American President Mark Reuss. "The investment in Orion Assembly also extends GM's local small car footprint, again increasing the number of U.S.-made small vehicles available in showrooms."

The funds will support the retooling of the Orion facility, which formerly produced GM midsize sedans. GM expects to complete the retrofit by summer 2011.