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GM to invest $1.5 billion in North American plants this year

North American chief mark Royce did not provide a copy in advance in a speech (Reuters) - the details of the plan, but it is a continuation of the American car manufacturer's investment in its domestic market, because its 2009 bankruptcy and $50 billion in U.S. tax payers funded rescue.
His remarks were arranged in Wednesday night of the world auto industry news conference in downtown Detroit.
This investment is $800 million Detroit's carmakers have said, in a year in its business around the world. Gm said it will in 2012 and 70% in 2013 in the United States in the squad car refresh.
"Our recent track record in the products, continuous investment return," Royce said in the copy of the speech.
From July 2009 to last year, general motors in its north American factory invested more than $10.2 billion, create or retained more than 26500 jobs.
Royce also said that the electric car is dead. General motors launched ELR Cadillac plug-in hybrid of Chevrolet Volt, in Detroit auto show last Tuesday, high-grade brothers.
"We are here to talk about change, he said:" in the text speech. "Change need time, take a long time to change a industry, change life habit, change a way of life.
"We will get there," he said. "We will see one day, when we have a affordable electric vehicles, with 300 miles of range and the traditional vehicle comfort and practical.



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