General Motors to invest in its U.S. manufacturing plants to boost production and quality

Source: Reuters

May 05, 2015

General Motors Co will spend $5.4 billion over the next three years on its U.S. manufacturing plants to boost production and vehicle quality.

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.

GM has budgeted $9 billion for global capital spending in 2015, up from last year's $7 billion, to pay for vehicle launches and investments in new technology. It has historically spent about two-thirds of its capital outlay in North America and officials have forecast the same going forward.

GM outlined about $784 million of the investments for three Michigan plants, and said it would give details over the next several months about the remaining $4.6 billion in spending.

To learn more, read “GM to invest $5.4 billion in U.S. plants over next three years” from Yahoo Finance.