General Motors confirmed Tuesday it will invest $1 billion in its manufacturing operations in the United States for new vehicle, advanced technology, and component projects. The move will add or retain 1,500 jobs. Specifics on the projects were not immediately available.
"As the US manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners," GM chairman and CEO Mary Barra said in a statement. "The US is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value."
GM also said it will bring production of axles for its fullsize pickups to Michigan from a facility in Mexico, creating 450 jobs. A supplier is also moving work from Mexico to the US, adding 100 more jobs, GM said. The Detroit-based automaker said it announced $2.9 billion in investments in 2016 and has spent more than $21 billion in the United States since 2009.
The announcement comes in the wake of criticism by President-elect Donald Trump, who called out the automaker on Twitter for producing some vehicles in Mexico and referenced in a news conference last week that another investment could be coming. Ford, Fiat Chrysler, and Hyundai have all announced new investments in the United States since the start of January. Trump has repeatedly criticized companies for building cars in other countries and then selling them in the US market. Experts, however, are quick to note most manufacturing decisions are made years in advance.
Trump was quick to take credit for the moves Tuesday in a pair of Tweets.
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"As the US manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners," GM chairman and CEO Mary Barra said in a statement. "The US is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value."
GM also said it will bring production of axles for its fullsize pickups to Michigan from a facility in Mexico, creating 450 jobs. A supplier is also moving work from Mexico to the US, adding 100 more jobs, GM said. The Detroit-based automaker said it announced $2.9 billion in investments in 2016 and has spent more than $21 billion in the United States since 2009.
The announcement comes in the wake of criticism by President-elect Donald Trump, who called out the automaker on Twitter for producing some vehicles in Mexico and referenced in a news conference last week that another investment could be coming. Ford, Fiat Chrysler, and Hyundai have all announced new investments in the United States since the start of January. Trump has repeatedly criticized companies for building cars in other countries and then selling them in the US market. Experts, however, are quick to note most manufacturing decisions are made years in advance.
Trump was quick to take credit for the moves Tuesday in a pair of Tweets.
With all of the jobs I am bringing back into the U.S. (even before taking office), with all of the new auto plants coming back into our.....
— Donald J. Trump (@realDonaldTrump) January 17, 2017
country and with the massive cost reductions I have negotiated on military purchases and more, I believe the people are seeing "big stuff."
— Donald J. Trump (@realDonaldTrump) January 17, 2017
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