GM to restore 3,000 jobs

Full Story at money.cnn.com

DETROIT (Reuters) — General Motors Co. said Tuesday that it would add shifts at three U.S. assembly plants, restoring 2,400 jobs, as it shutters other facilities or prepares them for new products.

The addition of shifts at plants in Kansas, Indiana and Michigan comes at a time when U.S. auto industry sales are thought to have hit bottom and manufacturers are raising production to restore depleted vehicle inventories.

U.S. dealer inventories were trimmed sharply after the federal government’s “cash for clunkers” program lifted sales in July and August with incentives of up to $4,500 to turn in gas-guzzling vehicles and buy new more fuel-efficient models.