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GM to invest $1.5B in N. American factories

DETROIT — General Motors will invest $1.5 billion in its North American factories this year, the automaker said.

North American president Mark Reuss revealed the figure in a speech Wednesday night but gave no details. The company said it will list the specific plants affected and job numbers later.

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GM is revamping 70 percent of its US models as it switches from the industry’s oldest lineup to the newest.

Reuss said the investment is in addition to the $10.2 billion GM already has spent on its factories since July 2009. The company has added about 2,000 US jobs since then.

GM recently unveiled new full-size pickup trucks, a completely redone Chevrolet Corvette, and a Cadillac luxury version of the Chevrolet Volt plug-in electric car.

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