GM to invest $300 million in Michigan plant

Newswire

DETROIT, Jan 29 (Reuters) - General Motors Corp. will announce on Thursday plans to invest $300 million in a Michigan plant to make a six-speed transmission for rear-wheel drive cars, officials familiar with the plans said on Wednesday. GM's investment at its Willow Run Transmission plant in Ypsilanti will save hundreds of the plant's 4,000 hourly jobs, the sources said. In November, the state of Michigan said GM would receive a $17.1 million state single-business tax credit in return ...

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