GM to invest $2 billion in U.S. manufacturing facility upgrades  In the aftermath of its near collapse, U.S. automaker General Motors has roared back to profitability. This week, the carmaker said it would work to implement infrastructure upgrades to a number of its domestic manufacturing facilities.

The New York Times reports that the Michigan-based company will invest $2 billion to further develop its U.S. factories as it works to keep up with growing demand for its vehicles. In total, GM will upgrade 17 plants in eight different states. According to the company, the improvements will create or save more than 4,000 jobs.

"We are doing this because we are confident about demand for our vehicles and the economy," GM chief executive Daniel F. Akerson said at a transmission plant in Ohio.

GM has begun a new strategy as it courts an increasing number of consumers across the globe. While the carmaker was known for its sport utility vehicles and larger vehicles in the past, it has aggressively moved to design and market small to mid-sized cars, with an emphasis on fuel efficiency. The gamble has seemingly begun to pay off: The company said it earned $3.2 billion in the first quarter of this year.
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