GM to add 4,200 jobs in $2B investment

[sasha031]

General Motors is planning on Tuesday to announce an investment totaling more than $2 billion and worth about 4,200 jobs in eight states, people familiar with the matter told the Free Press.

CEO Dan Akerson is scheduled to speak Tuesday at GM’s transmission factory in Toledo, Ohio, kicking off the plant updates. In total, GM will update 17 facilities, but may not announce all of them Tuesday. The jobs include as many as 2,000 new hires at the Detroit-Hamtramck plant where GM builds the Chevrolet Volt, with hiring likely to start in late summer.

The Free Press had earlier reported Detroit-Hamtramck would add more workers late this year. Interest in the Volt extended-range electric car has prompted GM to move up the workers’ hire date and possibly triple the plant’s current workforce, which currently numbers about 1,000 people. The plant is expected to stop producing the aged Buick Lucerne and Cadillac CTS sedans this year and is also slated to help build the 2013 Chevrolet Malibu when it debuts early next year.
http://www.freep.com/article/20110509/BUSINESS01/110509052/GM-reveal-2B-investment-8-states

[bluestateguy]

1. The auto bailout has been a smashing success

Very good news.

[sasha031]

2. the repubs were totally against it

[Drale]

4. What a surprise

If you really want to have success as a politician and actually do good things, just do the exact opposite of the Republicans and you can't fail.

[onenote]

5. sadly, there were a number of DUers against it as well.

But, after some of the things posted in the wake of the Obama administration's success in taking down OBL, that should hardly come as a surprise.

[bluestateguy]

6. Yes, but in a different way

The pre-packaged bankruptcies had to happen, and that position has now been vindicated.

There were some on DU who wanted Obama to just keep pouring an endless supply of bailout money into the auto companies: government gives them bailout $, companies piss the money away, government bails them out again, companies piss the money away again, etc. And there were some on DU who favored that model.

[blue_onyx]

9. No

Plenty of people on DU advocated letting GM and Chrysler go under. Some were practically gleeful about that possibility.

[onenote]

10. correct

[bluestate10]

3. Imagine where we would be if President Obama had made that bold move. nt

[FLAprogressive]

7. Yet many here will continue to buy from union-busting Honda and Toyota who support a LOT less jobs

in America than GM, Ford, or Chrysler.

[dkf]

8. Yay! I am so proud of our prez.

He saved our domestic auto industry. Good for him and good for us.