| Business

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

GM to invest $1.5B in North American factories

Email Newsletters

Click here to sign up for one of our email newsletters.

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

Daily Photo Galleries

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. More employers adopt generous leave policies
  2. Koppers CEO believes struggling company can do better, transform
  3. Small-scale solar power market draws big utilities
  4. How companies may adjust to tax on employee benefits
  5. Anxiety pervades town built by Volkswagen during emissions-cheating scandal
  6. Credit bureau Experian keeps info on cellular firm’s customers
  7. Analysis tallies death toll from Volkswagen diesels’ air pollution
  8. ATMs to give cash without  your card
  9. For some small-business owners, fast, short-term loans have unsustainable interest
  10. Many losers, few winners for 3Q funds
  11. States extend $1.5B in breaks for data centers