GM to Invest $1.5B in North American Plants This Year

NEWSMAX:  …North American chief Mark Reuss did not provide details of the plan in an advance copy of a speech given to Reuters, but it is a continuation of the U.S. automaker’s investment in its home market since its 2009 bankruptcy and $50 billion U.S. taxpayer-funded bailout.

His comments were scheduled to be made on Wednesday night at the Automotive News World Congress in downtown Detroit.

The investment is part of the $8 billion the Detroit automaker has said it will annually put into in its worldwide operations. GM has said it will refresh 70 percent of its U.S. vehicle lineup in 2012 and 2013…  (more)

 

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