GM plans huge investment in U.S. auto plants

The U.S. auto business continues its spectacular rebound from its near-death experience. Sure, there’s a long way to go, but this is excellent news and shows a commitment to invest in America.

Growing demand for General Motors Co. cars and trucks is pushing the Detroit automaker to add thousands of jobs and spend $2 billion to upgrade plants across the country.

GM CEO Daniel Akerson confirmed Tuesday that the company will create or preserve more than 4,000 jobs in eight states by investing heavily in 17 facilities nationwide. So far, the company has only announced millions of dollars in upgrades at plants in Toledo and Bowling Green, Ky. It is expected to release specifics about other plants during the next few months.

While much of the planned spending hinges on winning state and local tax incentives, the company says it needs to boost production and resume hiring to meet rising consumer demand.

The U.S. economy and job market needs a boost like this. Hopefully this will continue.


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