General Motors Co said on Monday it will invest nearly $1.3 billion at five U.S. plants to make a new transmission and boost output for a planned new engine as well as add a vehicle paint shop.
GM, the No. 1 U.S. automaker, said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs combined, but did not say how many will be new jobs. The five plants employ about 7,500 people.
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via General Motors to invest $1.3 bln in 5 U.S. plants | Reuters.
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