To upgrade five of its factories in North America, General Motors Co. will be investing $893 million, according to three insider sources who asked to remain unanimous.
This investment, which will be manufacturing engines, transmissions and other powertrain parts, will save 1,600 jobs. The factories that will be getting the funding are the following: Tonawanda, N.Y.; Bay City, Mich.; Bedford, Ind.; Defiance, Ohio; and St. Catharines, Ontario. The Tonawanda plant will get the largest share of this investment. GM spokeswoman Kim Carpenter said that the company will soon make the announcements but she declined to provide details.
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