General Motors pledges $5.4B in US plants


REUTERS: GM will invest $5.4 billion in manufacturing plants in the United States over the next three years.

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REUTERS: GM will invest $5.4 billion in manufacturing plants in the United States over the next three years.

“The common thread among our investments is the focus on product improvements,” GM North American manufacturing chief Cathy Clegg said, adding that the overall investments would create 650 jobs and retain more than 15,000 existing positions.

The announcement comes as GM and the United Auto Workers union gear up for negotiations on a new master contract this fall for roughly 50,000 U.S. hourly workers. UAW leaders have pushed for the Detroit automakers to invest in union-represented factories.

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