GM announce plans for adding or retaining over 4,000 jobs at 17 locations


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(Best Syndication News) - General Motors Co. (NYSE:GM, TSX: GMM) announced plans for adding and retaining over 4,000 jobs at 17 different locations in eight different states. The company also said that they would be investing around $2 billion in the US assembly and component plants.

GM Chairman and CEO Dan Akerson said that they are “confident about demand for our vehicles and the economy.” He also explained at an event at the Toledo Transmission Plant, the company has already invested $3.4 billion and had retained or added over 9,000 jobs since the middle of 2009.

The reason for the GM’s confidence may be due to the increase in their sales for the first four months of 2011. There was a 24.8 percent increase compared to the 2010 sales figures. Additionally, GM had their fifth consecutive profitable quarter since their July 2009 bankruptcy reorganization.

According to the Center for Automotive Research nonprofit group, GM’s planned investments would add around $2.9 billion to the US Gross Domestic Product and either create new or keep over 28,000 jobs.

BY: N Wilson



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