UPDATE 1-GM invests to make more efficient transmissions

Newswire

(Adds background in final four paragraphs) YPSILANTI, Mich., May 30 (Reuters) - General Motors Corp. on Tuesday said it would invest $170 million for upcoming production of more efficient six-speed automatic transmissions. The company said the new transmissions produced at the Ypsilanti plant, which will debut in some 2007 Cadillac models, will offer better performance and improved fuel economy. GM said it would invest $125 million in its Ypsilanti, Michigan transmission plant and ...

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