GM to Unveil $2 Billion U.S. Expansion

FOX Business has learned General Motors GM plans on announcing a program of $2 billion in spending to upgrade as many as 18 plants and hire in the neighborhood of 4,000 new workers. GM Chief Executive Officer Dan Akerson will make the announcement at GM's Toledo, Ohio power train plant, one of those in eight states slated for the new investment. The Toledo plant currently makes 6-speed transmissions for two of GM's most popular vehicles, the Chevy Malibu and Cruze. It is expected to be in line to begin making new, more fuel efficient 8-speed transmissions and add between 250 and 400 new employees. Continue reading the article.