Here's good news!

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General Motors Co. will build a $174 million stamping plant near its Lansing Grand River assembly complex, with plans to add 145 jobs.

The 225,000 square foot plant will make components for the Cadillac ATS and CTS lines built at the Grand River plant, as well as parts for a "future product" it did not name, when it opens in 2016.

Local GM leaders said the new plant is necessary as GM plans to move production of the Chevrolet Camaro pony car from Canada to the Grand River plant, possibly in 2015.

It also will launch a coupe version of the compact ATS in the fourth quarter.