UPDATE 1-GM to import first Volt engines, plant on hold


(Adds GM comment, background on Volt, bylines) By David Bailey and Soyoung Kim DETROIT, Jan 28 (Reuters) - General Motors Corp has suspended work on a $370 million engine plant in Michigan, forcing it to import engines for the initial production of its all-electric Chevy Volt, a senior union official told Reuters on Wednesday. The move underscores both the pressure on GM to cut costs as it struggles to restructure under federal oversight and on the money-making potential for the ...

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