After Trump barbs, GM announces $1.8 billion investment, new jobs

23 Mar, 2019

Facing a barrage of attacks from President Donald Trump over plant closures, General Motors announced Friday a $1.8 billion investment and the creation of 700 new jobs in the United States.
About $300 million will be geared towards production of electric vehicles at the auto giant's Orion plant in Michigan, creating 400 jobs, the company said in a statement.
Those vehicles had been slated for production outside of the United States.
In November, GM shuttered five US plants, including auto assembly plants in Michigan and Ohio as part of a 15 percent cut in its workforce worldwide - cutting around 14,000 employees - which drew Trump's Twitter wrath.
This week he urged the company to reopen the Lordstown, Ohio auto plant or sell it to someone who would.
"We are excited to bring these jobs and this investment to the US," GM chief Mary Barra said in announcing the plans to employees in Orion.
"This new Chevrolet electric vehicle is another positive step toward our commitment to an all-electric future. GM will continue to invest in our US operations where we see opportunities for growth." The new investment will help the company comply with new rules agreed to under the revised North American free trade deal, the statement said.
Among other changes, the United States-Mexico-Canada Agreement, or USMCA, requires that manufacturers produce a share of their vehicles in higher-wage factories in order to gain duty-free access to the region - a requirement aimed at favoring US and Canadian facilities over those in Mexico.
The treaty has yet to be ratified, however.
The Orion plant already builds the Chevy Bolt EV, and the new model "will be based off an advanced version of the same vehicle architecture," the statement said.

Read Comments