GM invests $300 mln in plant for new transmission

Newswire

DETROIT, Jan 30 (Reuters) - General Motors Corp. said on Thursday it will invest about $300 million in a Michigan plant to build a new six-speed transmission for rear-wheel drive vehicles. GM's investment at its Willow Run Transmission plant in Ypsilanti will save at least 577 jobs at the plant, which has about 4,000 hourly and 400 salaried employees, the world's largest automaker said in a statement. In November, the state of Michigan said GM would receive a $17.1 million state ...

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