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General Motors Company (NYSE:GM): Closing price $28.83
Chairman and Chief Executive Dan Akerson announced Monday that GM will shell out $600 million for upgrades at its assembly plant in Kansas City, an investment which he believes will ensure the factory’s long-term viability. Building of a new 450,000-square-foot paint shop, stamping press and efficiency enhancements at the Fairfax Assembly Plant will commence in 2013 and should take about two years for completion.
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