investing millions of dollars in an engine plant in buffalo, new york. it was just a year ago, gp went bankrupt. gm went bankrupt and had to be bailed out by the federal government and now they are coming back to life, oh, yes, making the first quarterly profit during the beginning of the year since 2007, sales in the u.s. up almost 17%, compared to last year. and, last month, gm sold more than 220,000 vehicles. peter doocy live in our new york newsroom with more good news about gm. hi, peter. reporter: jamie, gm s engine plant in new york had a chevy engines since the late 40s and, part of the war effort in the 1940s and is reinvesting over $00 million in the facility for the $800 million in the next generation of anything and a new v8 line and to help them out they are bringing back 0 workers who were laid off and hiring 400 new employees.
judge me by that. shannon: certainly to be a top issue. stewart thank you very much and we apologize to pete, we lost him. but we thank you both for the debate. thank you. shannon: it seems gm is roaring back to work with a brand-new engine. they were plunging head long toward bankruptcy during the financial crisis. but now a gm plant is hiring hundreds of people to build a new generation of engines. peter doocy is going on the john hunt to check it out. are these jobs for real? these jobs are for real, for 400 new hires and 300 people who are laid off last year when gm wasn t do so well, that are being recalled to the engine plant in buffalo, new york, just down the road from niagara falls. they need all the new help because general motors recently invested over $800 million in the plant for a new generation of eco friendly engines and a brand-new v 8 line. i was on layoff for four months. it gave me the opportunity to come back to work and have a
it s a brand new week, and with the fiscal cliff just 22 days away, the president is on the move heading to michigan to rally autoworkers support for higher taxes on the wealthy and greater investment in u.s. manufacturing. the president traveled to a suburb of detroit touring an engine plant that s announcing a $100 million expansion in production and jobs. and even as the president touted that economic bright spot, he renewed his case to extend tax cuts for 98% of americans that are due to expire at the end of the year. how many of you can afford to pay another $2,200 in taxes? not you? no! that s a hit you can t afford to take. and by the way, that s not a good hit for businesses either. the president s urgent push come as the white house and