GM to invest $1 billion in US manufacturing, create 5,000 jobs
General Motors said Tuesday it will invest an additional $1 billion in US manufacturing operations and create up to 5,000 jobs in the coming years, for which Donald Trump immediately took credit.
The investments in new vehicle and advanced technology are tied to 1,500 new and "retained" jobs, while 450 will be returned to the US from Mexico, the company said in a statement. Those and other moves are expected to total 5,000 new US jobs over the next few years.
The company said the latest investments follow $2.9 billion announced in 2016 and more than $21 billion invested in its US operations since 2009.
GM is the latest in a series of companies to announce plans to create US jobs - including Amazon, Ford and WalMart - amid continued pressure, mostly via Twitter, from US President-elect Trump, who has threatened stiff penalties on companies that import products manufactured overseas.
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