WRAPUP 1-GM invests $500 mln, bets small car can make money

Newswire

By Kevin Krolicki LORDSTOWN, Ohio, Aug 21 (Reuters) - General Motors Corp on Thursday said it would invest $500 million to build a a new fuel-efficient, small car the automaker says will show it can make money in head-to-head competition with its Japanese rivals as it fights to return to profitability. The new Chevrolet Cruze, which also will be sold in Europe and Asia, will be built at GM's Lordstown, Ohio assembly plant, a facility once threatened with closure that also makes the ...

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