GM to Invest $2 Billion in U.S. Plants to Boost Production
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General Motors Co. will invest $2 billion in plants in eight U.S. states as it works to boost production and market share.
The plans were announced today at a transmission factory in Toledo, Ohio, where GM will spend $205 million and retain or add 250 jobs. GM said the rest of the investment, which would create or save 4,000 jobs at 17 facilities, depends on completing local tax deals and will be announced in the coming months.