GM CEO Akerson will announce $2 billion in plant investments - and 4,200 new jobs.
General Motors hopes to reassert its role as the preeminent U.S. automaker as it rolls out plans to invest $2 billion in 17 of its plants across eight states.
The move, which will be formally announced by CEO Dan Akerson during a visit to a transmission plant in Toledo, Ohio today, should create at least 4,200 new jobs. It is unclear how many of those new positions will be filled by workers paid on a lower, second-tier wage structure, however.
The Toledo plant, for one, is expected to receive $250 million in upgrades that will lead to the creation of 250 new jobs. But other plants on the list include the so-called “Poletown” plant, that straddles the Detroit-Hamtramck border, where GM produces a variety of products including the new Chevrolet Volt plug-in hybrid.
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Akerson, a former telecomm executive named GM CEO last year, is expected to reveal only some of the details during his Toledo appearance. Additional information will be released as the project moves forward. That could help increase media coverage for a company intent on shedding its image of insolvency.
But the maker may also use the dangling carrot for wrangling further concessions from the United Auto Workers Union.