GM To Invest $1.5 Billion In North American Facilities This Year

General Motors Co. will make substantial investments in its North American facilities, an executive announced Wednesday night.

GM North America President Mark Reuss said the Detroit-based automaker is poised to invest $1.5 billion or so in its facilities this year.

“GM, Chrysler and Ford employ two out of every three autoworkers in the U.S., and base more employees in the U.S. than the competition – by a factor of eight,” Reuss said according to prepared remarks for the Automotive News World Congress. "For our part, GM has announced North American facility investment of over $10.2 billion since July 2009, creating or retaining more than 26,500 jobs.”