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.

General Motors is now facing legal action following the recall of nearly 900,000 vehicles equipped with its failing 6.2-liter V8 engine.