GM announces it will add or preserve 4,000 jobs

TOLEDO, Ohio – General Motors Co. plans to add or preserve more than 4,000 jobs in eight states, CEO Dan Akerson said Tuesday, as the automaker bets on gaining market share while the Japanese earthquake and high gas prices shake up the auto industry. GM’s six-speed transmission factory in Toledo is one of the 17 plants in GM’s planned hiring blitz. In Toledo, GM will spend $204 million on updates to retain 250 workers that will build new eight-speed automatic transmissions, Akerson said. The automaker intends in the coming months to share the names of other factories who are receiving a collective $2 billion in retooling and updates – dependent on approval of local tax incentives. The upcoming hiring blitz includes last week’s announcement of 250 new jobs building Corvettes in Bowling Green, Ky.

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