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GM mulls $1 billion renovation of technical center near Detroit: Bloomberg

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General Motors is considering plans to spend as much as $1 billion renovating its Technical Center, a facility that is more than 50 years old, Bloomberg reported.

The renovations would include offices for 2,500 new employees specializing in electrical engineering, software development and information technology, Bloomberg reported on Friday.

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A GM representative was not immediately available.

The automaker is also mulling a $1.3 billion expansion of its Arlington, Texas, assembly plant to produce more of its sport-utility vehicles.