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GM to invest $500 million in U.S. plant to build new compact


REUTERS

11:16 a.m. August 21, 2008

DETROIT – General Motors Corp said on Thursday it would invest $500 million in its Lordstown, Ohio, plant to build its new global compact car Chevrolet Cruze.

GM will also manufacture the all-new small car at facilities in Europe and Asia in addition to the Ohio assembly plant, the automaker said in a statement.

(Reporting by Soyoung Kim; Editing by Phil Berlowitz)


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