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General Motors Responds to Trump With $1 Billion in New U.S. Spending

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follow the latest news about business from different sites most famous technicals /Nandita Bose by 2017-01-18 at 16:51

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Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks*/

– Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011.REUTERS/John Gress/FilesFILE PHOTO – Job postings are shown outside a new Walmart Super Center as the company opens its first store in Compton, California, U.S. on January 10, 2017.REUTERS/Mike Blake/File PhotoWal-Mart Stores Inc (WMT.N) and General Motors Co (GM.N) on Tuesday became the latest companies to win praise from President-elect Donald Trump for adding U.S. jobs and investment, even though much of their plans were previously announced.
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Donald Trump Touts New Wal-Mart, General Motors And Bayer-Monsanto Investments

Donald Trump Touts New Wal-Mart, General Motors And Bayer-Monsanto Investments*/

– President-elect Donald Trump Tuesday trumpeted a trio of major company announcements pledging additional investments in the United States as proof his America-first stance on the economy is already producing results.Wal-Mart Stores, General Motors as well as Bayer and Monsanto, which are in the process of merging, unveiled plans for job creations, new stores, research and assembly plants.”Thank you to General Motors and Walmart for starting the big jobs push back into the US!”Trump tweeted in response.Since November, the incoming president has used the bully pulpit of his impending presidency to attack major companies, accusing defense contractors of overcharging for planes and threatening manufacturers with stiff import duties if they sell foreign-made goods on the US market.In succession, business leaders appear to have answered Trump’s call, pledging new US investments and domestic job creation.The mega retailer announced Tuesday it would invest $6.8 billion in the United States — opening, expanding or relocating 59 Walmart and Sam’s Club locations and creating 10,000 jobs in stores and online sales.The company also pledged to spend $250 billion on products made, grown, assembled or sourced in the United States.Shares in the company were up 2.3 percent toward 1900 GMT.The US auto giant said it would invest an additional $1 billion inside the United States on top of $2.6 billion already announced last year and would create 5,000 jobs in the coming years.The announced move included 1,500 “retained” positions tied to investments in new vehicle and advanced technologies as well as 450 jobs returned from Mexico.GM’s statement came a week after a business-as-usual message from GM CEO Mary Barra, who told reporters at the Detroit Auto Show that the company would press ahead with plans to manufacture the latest version of its GMC Terrain SUV in Mexico.Trump this month singled out GM for criticism on Twitter, threatening the company with import duties for selling a Mexican-made version of the Chevrolet Cruze on the US market.
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General Motors Responds to Trump With $1 Billion in New U.S. Spending

General Motors Responds to Trump With $1 Billion in New U.S. Spending*/

– In what might be seen as an announcement intended to deflect pressure from the president-elect, General Motors (NYSE: GM) said on Tuesday that it will invest $1 billion in its U.S. manufacturing operations to create or retain 1,500 jobs.Continue Reading BelowThe investment follows $2.9 billion in similar spending announced by GM during 2016.But the announcement was thin on specifics, and its timing seemed politically motivated.
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collected by :John Locas Microsoft Email-Access battle by united states Gets highest court of law …