Michigan-based automaker General Motors Co. announced Tuesday that it is investing approximately $2 billion at US assembly and component plants at 17 facilities in eight states.
"We are doing this because we are confident about demand for our vehicles and the economy," G.M. Chairman and CEO Dan Akerson said. According to recent financial reports, G.M.'s US auto sales through the first four months of 2011 are up 24.8 percent over 2010, and the company reported its fifth consecutive profitable quarter in early May since emerging from bankruptcy reorganization in July 2009.