General Motors has announced plans to build a new stamping facility on the grounds of Lansing Grand River Assembly Plant.

General Motors has announced plans to build a new stamping facility on the grounds of Lansing Grand River Assembly Plant.

While the company is keeping coy on specifics, they confirmed the $174 (€130) million facility will produce components for the "Cadillac ATS and Cadillac CTS family of vehicles and a future product."

General Motors declined to say what the future product is but they have already announced plans to build the next-generation Camaro at the plant. It was recently caught by our spy photographers and is expected to ride on the long-wheelbase Alpha platform that underpins the Cadillac CTS.

Regardless of what the model is, the stamping facility will come on line in 2016 and save the company about $14 (€10.4) million annually.

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GM confirms a mysterious new model for the Lansing Grand River Assembly Plant