General Motors Invests $100 Million to Add 30 Jobs in Rochester, N.Y.

General Motors Invests $100 Million to Add 30 Jobs in Rochester, N.Y.



General Motors (GM) announced Tuesday that it will invest $100 million towards more jobs and automotive components. The auto giant said it plans to add 30 jobs and purchase tooling and equipment for its GM Components Holdings Rochester Operation.

This would enable the facility to produce a new generation of fuel-efficient small block car and truck engines. The new jobs will be added to an existing workforce of 826 hourly and salaried employees at the Rochester facility.

GM's total investment in its new small block engine is now approximately $1.1 billion, creating or retaining more than 2,400 jobs. As far as where GM is sitting in the market, shares are up 0.19% to $30.83.

Honda, Toyota extend Japan production halt

Honda (HMC) and Toyota (TM) are extending their shutdown of auto production in Japan due to a shortage of parts following a major earthquake and tsunami, the Associated Press reports. Toyota says its shutdown of 11 factories will be extended until Saturday because of difficulty securing components, while Honda will continue its production halt through Sunday

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