Apr 21, 2010 2:03 PM by Bea Karnes, News First 5

GM makes big investment in US plants

General Motors is investing $257 million at two of its factories that will build the next generation of the hot-selling midsize Chevrolet Malibu.

CEO Ed Whitacre was at the factory in Kansas City, Kan., on Wednesday to announce the investment and the company's early repayment of $6.7 billion in U.S. government loans.

GM's investment will be shared by the Fairfax Assembly Plant and the Detroit-Hamtramck plant. Fairfax makes the popular Buick LaCrosse and Chevrolet Malibu sedans. Both are selling well for GM and helping to generate cash.

The plant has been working around the clock to meet with demand. Meanwhile, a new Associated Press poll finds more Americans now say the U.S. makes better-quality vehicles than Asia does.


»Topics in this article

More News

Story Photo

16 minutes ago

Adams Cafe on the move

Adams Mountain Cafe makes its move this week after floods damaged the popular eatery the last two summers. But the move has...

Story Photo

1 hour ago

Soldier's remains return

After a decades-long mystery, the family of a World War II soldier finally has some closure. Army Sgt. William Carneal, who disappeared...

Most Popular

Top Videos

1 2 3 4