GM to invest $2 billion in U.S. plants

  • 13-May-2011 10:28 EDT
GMToledoInvestment0497.jpg

GM is investing $204 million in its Toledo transmission plant for an all-new eight-speed transmission.

General Motors Co. announced May 10 that it will invest about $2 billion in U.S. vehicle-assembly and components plants. The announcement was made at the company's Toledo transmission plant, where it will invest $204 million for an all-new eight-speed transmission that will be fitted to "future vehicles." The first of the new investments, $131 million, will be for the next-generation Chevrolet Corvette at the car's assembly plant in Bowling Green, KY. GM will make additional specific investment announcements in the coming months. The $2 billion of investments are above the $3.4 billion invested since mid-2009, the company said.

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