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General Motors to Invest $1 Billion in Its U.S. Factories

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General Motors to Invest $1 Billion in Its U.S. Factories

General Motors to Invest $1 Billion in Its U.S. Factories*/

– PhotoDETROIT — General Motors said on Tuesday that it would invest $1 billion in its American factories tied to 1,500 jobs, becoming the latest automaker to respond to President-elect Donald J. Trump’s call to bolster manufacturing in the United States.G.M., the nation’s largest automaker, was singled out by Mr. Trump recently for lagging behind other carmakers in moves to increase employment in the United States.The automaker said the new investments would add or retain a combination of 1,500 jobs at plants it did not identify.
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Hyundai, General Motors latest automakers to announce billion-dollar U.S. investments

Hyundai, General Motors latest automakers to announce billion-dollar U.S. investments*/

– WASHINGTON, Jan. 17 (UPI) — In the wake of President-elect Donald Trump’s threats to levy high taxes on auto companies seeking to import cars and trucks into the United States from elsewhere, two automakers have announced plans to invest billions of dollars and hire workers at new and expanded facilities in the United States.Hyundai Motor Company and General Motors each announced Tuesday they would invest several billion dollars in the construction or expansion of manufacturing facilities in the United States, with GM saying it also expects to add 1,000 jobs over the next few years.Executives at Hyundai, and its affiliate Kia, said they plan to pump $3.1 billion into the United States during the next five years, which includes building a new factory, production of the high-end Genesis line of cars and an SUV specific to the United States.
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General Motors Plans at Least $1 Billion in Fresh U.S. Investment

General Motors Plans at Least $1 Billion in Fresh U.S. Investment*/

– General Motors Co. this week will announce plans to invest at least $1 billion across several U.S. factories, two people familiar with the plan said, a move aimed at underlining its commitment to U.S. manufacturing jobs in the wake of President-elect Donald Trump’s criticism of the auto maker’s imports from Mexico.GM’s announcement could come as early as Tuesday, the people briefed on the plan said.The company will cite a number…
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General Motors And Hyundai-Kia Both Announce Billions In U.S. Investments

General Motors And Hyundai-Kia Both Announce Billions In U.S. Investments*/

– Good morning!Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning.Here are the important stories you need to know.
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