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GM to Spend $5.4 Billion in US Factory Makeovers

NEW YORK - General Motors (IW 500/5) Thursday announced $5.4 billion in new U.S. plant upgrades over the next three years, including in three sites in Michigan, the traditional hub of the U.S. auto industry

The biggest investment outlined is $520 million for a site near Lansing to build tools and equipment for GM's future vehicle programs. The move will retain 1,900 jobs at the site, the company's newest plant in North America, the automaker said.

The other two Michigan sites receiving funds are GM's Pontiac Metal Center in Pontiac, Mich., and a site in Warren that will get a new body shop. The three Michigan projects total $783.5 million.

GM said it will detail the remaining $4.6 billion in investments over the next several months.

Copyright Agence France-Presse, 2015

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