GM to invest $1.5B in N. American factories
GM exec says car maker sink $1.5B into North American factories this year to revamp models
General Motors says it will invest $1.5 billion in its North American factories this year.
North American President Mark Reuss announced the figure in a speech Wednesday night but gave no details. The company says specific plants and job numbers will come later.
READ: Cadillac ELR to be built at Detroit-Hamtramck Assembly plant
GM is revamping 70 percent of its U.S. models as it switches from the oldest lineup in the industry to the newest.
Reuss says the investment is in addition to the $10.2 billion GM already has spent on its factories since July of 2009. The company has added about 2,000 U.S. jobs since then.
READ: GM CEO sees bright days ahead
GM recently unveiled new full-size pickup trucks, a completely redone Chevrolet Corvette and a Cadillac luxury version of the Chevrolet Volt plug-in electric car. It says more announcements are coming.
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Special Section: 2013 North American International Auto Show
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