General Motors Corp (GM)

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GM to make large investment in U.S. plants
12:40 PM ET · GM

General Motors (GM +2.6%) announces it will invest close to $1.3B to update plants in Michigan, Ohio, and Indiana.
The investment will go in part to help the automaker build a new 10-speed transmission and increase production capacity on V6 engines.
Reps with the UAW were in a giddy mood at GM's announcement event in Flint, calling the development a triumph of collective bargaining.
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