IndustryWeek : GM to Invest $890 Million in Five Factories
Home : Economy & Public Policy : Finance : GM to Invest $890 Million in Five Factories

GM to Invest $890 Million in Five Factories

Will keep 1,600 jobs

By . Associated Press

April 27, 2010

General Motors Co. says it will spend $890 million at five factories to upgrade its V-8 engines to make them more fuel efficient.

The automaker says the moves will preserve or create roughly 1,600 jobs at factories in Tonawanda, N.Y.; St. Catherines, Ontario; Bay City, Mich.; Bedford, Ind.; and Defiance, Ohio.

Spokesman Tom Wilkinson says the investments had been planned for a long time as GM tries to raise the fuel economy of its pickup trucks, sport utility vehicles and high-performance cars.

Factories in Tonawanda and St. Catherines will make the next generation V-8 engines with aluminum blocks and direct fuel injection, while the other plants will make components for the engines.

Copyright 2010 The Associated Press.

Spotlight

How to Turn Leaders into 'Strategists'

By Jonathan Katz
New book by Harvard Business School professor explores why some executive strategies fail and others succeed.

Read Full Story
Also on IndustryWeek.com

New White Papers

More White Papers »

Poll
Which manufacturing sector has the best chance of outperforming the U.S. economy this year?






Comment in the IW Forums.