- Posted July 14, 2011
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GM invests $130 million in Midwest plants
DETROIT (AP) -- General Motors Co. says it will invest another $130 million in three plants in the Midwest.
GM is investing $115 million in its Toledo, Ohio, and Bedford, Indiana, plants so they can supply cars with eAssist, an optional system designed to improve fuel economy by 25 percent. GM is debuting eAssist later this summer on the Buick LaCrosse. It will be offered on the Chevrolet Malibu starting next year.
The company is also investing $15 million in a Wyoming, Michigan, plant for other engine components.
The money is part of the $2 billion GM has pledged to invest in 17 U.S. facilities over the next 18 months. The company says the investment will create or retain 4,000 total jobs.
Published: Thu, Jul 14, 2011
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