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Free Press-

Offering a picture of a bright future for the Detroit-based automaker to a cheering crowd of workers managers and politicians at its assembly plant in Kansas City, General Motors CEO Ed Whitacre announced GM’s plans to invest $257 million into its Detroit and Kansas City plants to build the next-generation Chevrolet Malibu. The deal doesn’t create jobs, but it does offer job stability to the 3,500 UAW-represented workers who build the Malibus and LaCrosse.

“It will support Kansas and Michigan and it will benefit the taxpayer who made that investment possible,” Whitacre told a crowd of workers who gave GM’s CEO two standing ovations to the news.

The investments come the morning after Whitacre confirmed that the automaker paid off $5.8 billion in loans owed to the U.S. and Canadian governments five years ahead of schedule.

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