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General Motors Co. (NYSE:GM) will be investing nearly $1 billion in strengthening its gasoline vehicle lineup, with over $340 million in new investments aimed at bolstering its U.S. manufacturing plants.
GM Bullish On Gasoline
The $340 million investment includes a $300 million commitment towards the Romulus, Michigan, plant, while the plant in Toledo, Ohio, will get an extra $40 million, Business Insider reported on Wednesday. Both plants manufacture key elements of GM’s Internal Combustion Engine (ICE) efforts, including a 10-speed transmission.
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