GM Investing $257M in Plant Expansions
04/21/2010
A news report at Manufacturing.Net states the car maker will increase production at the Fairfax production site with a $136 million investment, and spend another $100 million at a Detroit plant.
The company also announced today it has paid back $8.1 billion in federal loans five years earlier than required by U.S. and Canadian governments.
While the factory expansions will not create new jobs, the investments will help retain production jobs.
Last year the automaker closed 14 factories and axed 65,000 blue-collar jobs.
Most Read
-
-
What’s Driving Record Industrial Real Estate Demand
Q1 2021
-
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Q3 2020
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
Pandemic Fuels Data Center Growth
Q1 2021
-
Regional Report: Southeast Ports Expand Capacity
Q1 2021
-
Trends in Office and Industrial Parks
Q4 2020