Toledo, Ohio – General Motors will invest about US$2 billion in its U.S. assembly and component plants, creating or preserving more than 4,000 jobs at 17 facilities in eight states.
“We are doing this because we are confident about demand for our vehicles and the economy,” said GM chairman and CEO Dan Akerson. “This new investment is on top of $3.4 billion and more than 9,000 jobs that GM has added or saved since mid-2009.”
Akerson made the announcement at the company’s transmission plant in Toledo, Ohio, where GM will invest $204 million and retain about 250 jobs for an all-new eight-speed automatic transmission for future vehicles.
The first of the new investments, totalling $131 million, will be spent in Bowling Green, Kentucky for plant improvements and installation of new equipment to build the next-generation Chevrolet Corvette. The upgrades will be made while the current-generation Corvette is assembled for at least the next two model years.