Monday, January 16, 2017

#TrumpSpring: GM announces $1B in investments, 1K new jobs

Trump Spring is here!

From the Detroit News:
General Motors Co. plans to announce Tuesday that it will invest $1 billion in U.S. plants, including in Michigan, adding more than 1,000 jobs, according to a source familiar with the automaker’s plans.

The news comes as President-elect Donald Trump praised Ford Motor Co. and Fiat Chrysler Automobiles NV last week for investing in the United States and adding jobs here. Conversely, Trump has called out GM and other carmakers for producing vehicles in Mexico and has suggested they will pay a "big border tax" for shipping Mexican-made vehicles to the United States.

Fiat Chrysler on Jan. 8 said it would invest $1 billion in plants in Michigan and Ohio, adding 2,000 jobs to produce new Jeep vehicles. Earlier in January, Ford announced it would invest $700 million in its Flat Rock Assembly plant, adding 700 jobs as it adds production of a new electric small SUV and an autonomous hybrid vehicle. Ford also said it canceled plans for a new small car plant in Mexico.

"I hope that General Motors will be following," Trump said at a news conference last week. "I think they will be."

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