GM To Invest $2 Billion On Plant Improvements
General Motors Company (NYSE:GM) has announced that they are going to invest $2 billion in plant improvements. This is expected to save or add 4,000 jobs in the United States. GM will be putting $109 million in Flint and Bay City, Michigan operations for supporting engine production in future fuel-efficient cars.
About $84 million will be plugged in the Flint Engine Operations to increase their 1.4 liter engine capacity. The Bay City plant will get $25 million.
“This investment marks the second major increase in engine and engine component output in less than six months–a sign that GM is moving quickly to meet growing demand for more fuel-efficient cars,” said GM Flint Engine Operations plant manager Terri Burden.@amitchowdhry or on Google+ at +AmitChowdhry