TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

GM to invest $1.5B in North American factories

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

GM $29.49 +$0.18

at close on THURSDAY

By The Associated Press
Friday, Jan. 18, 2013, 12:01 a.m.
 

General Motors says it will invest $1.5 billion in its North American factories this year.

North American President Mark Reuss announced the figure in a speech but gave no details. The company says specific plants and job numbers will be released later.

GM is revamping 70 percent of its models as it switches from the oldest lineup in the industry to the newest.

Reuss says the investment is in addition to the $10.2 billion GM has spent on its factories since July 2009. The company has added about 2,000 jobs since then.

GM recently introduced new full-size pickup trucks, a completely redone Chevrolet Corvette and a Cadillac luxury version of the Chevrolet Volt plug-in electric car. It says more announcements will be made.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Construction picks up, but workers hard to find
  2. Consumer spending dinged by declining gas prices
  3. Lumber Liquidators shares plunge 25%
  4. Oakland firm Qualaris Healthcare’s software saves time in hospitals
  5. Mud serves as multipurpose tool in $100B shale industry
  6. Mylan completes inversion with Abbott to move headquarters to Netherlands, lower taxes
  7. Pittsburgh gas pump prices up nearly 9 cents
  8. Nasdaq climbs over 5,000 points ... 15 years later
  9. Bill Gates repeats at top of Forbes’ list of billionaires
  10. Rue21 adjusts for tough market
  11. PNC Bank to cut financing of mountaintop removal coal companies