General Motors announced on Tuesday that it plans to invest a massive $888 million in its Tonawanda Propulsion plant in upstate New York. The newly allocated money is meant for a specific purpose likely to put a smile on many an enthusiast's face: to support the production of the company's upcoming sixth generation of small-block V-8s.

DETROIT (Reuters) - General Motors is investing at least $800 million at a New York propulsion plant to increase engine production there, according to two sources familiar with the matter. The investment is a shift from a previously announced $300 million commitment to make electric vehicle drive units at the plant.