This fall, General Motors will start building a new Cadillac stamping plant in Lansing, Michigan. It will supply parts for the nearby Lansing Grand River Assembly plant.

The new facility will create about 145 jobs and will produce components, such as hoods and door panels, for the Cadillac ATS, CTS, and a future unannounced model. It represents a $174 million investment in the area.

“Lansing Grand River Assembly is known for the high quality of its work and the flexible manufacturing that has been a trademark since it opened,” said GM North America Manufacturing Manager Christine Sitek, in a statement. “Today’s announcement demonstrates GM’s commitment to strengthening key plant capabilities related to quality and efficiency.”

GM says that the new facility with its location so close to the assembly plant will save the company about $14 million a year in logistics costs alone. It should begin operating in 2016.

The Lansing Grand River plant was built in 2001 and with this new addition, GM will have invested more than $530 million in Lansing since 2009.