US Factory Growth Best in 10 months; Bolsters Outlook
Manufacturing grew in April at the strongest rate in 10 months, easing concerns the economy had lost momentum at the start of the second quarter.
General Motors says it will spend $47 million at a factory in Defiance, Ohio, so it can build more parts that go into the company's small four-cylinder engine and its Chevrolet Volt electric car. Additionally, GM will invest $20 million in machinery and equipment at its assembly plant in Kansas City, Kansas, part of a plan to invest $2 billion in 17 U.S. plants.
General Motors says it will spend $47 million at a factory in Defiance, Ohio, so it can build more parts that go into the company's small four-cylinder engine and its Chevrolet Volt electric car.
Additionally, GM will invest $20 million in machinery and equipment at its assembly plant in Kansas City, Kansas, to add technologies to its Buick LaCrosse sedan.
The investment is part of a plan announced by GM in May to invest $2 billion in 17 U.S. plants.
(READ the stories from Reuters, and the AP, via Seattle P-I)
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