Trump Touts People Are Seeing Big Stuff” After GM Unveils 7,000 New U S  Jobs
Channel: Trump Breaking News Network
Date: 2017-01-18

Trump Breaking News Network - Trump Touts "People Are Seeing Big Stuff” After GM Unveils 7,000 New U.S. Jobs.

Confirming rumors that leaked yesterday, GM has just announced plans to invest $1 billion in its U.S. manufacturing operations and add 7,000 jobs domestically, over the next "few years".  Of course, the move follows similar announcements from Ford and Fiat-Chrysler over recent weeks in an apparent effort to appease the incoming Trump administration amid threats of a 35% import tariff and after years of outsourcing automotive manufacturing jobs to Mexico.  To add icing to the cake, GM notes that 450 of the new jobs will come from insourcing jobs previously moved to Mexico.  Per General Motors:

General Motors today announced that it will invest an additional $1 billion in U.S. manufacturing operations. These investments follow $2.9 billion announced in 2016 and more than $21 billion GM has invested in its U.S. operations since 2009.
 
The new investments cover multiple new vehicle, advanced technology and component projects. A combination of 1,500 new and retained jobs are tied to the new investments. Details of individual projects will be announced throughout the year.
 
The company also announced it will begin work on insourcing axle production for its next generation full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs.
 
"As the U.S. 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,”  said GM Chairman and CEO Mary Barra. “The U.S. 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.”
 


Source: 

http://www.zerohedge.com/news/2017-01-17/gm-announces-plans-invest-1-billion-domestic-plants-and-add-7000-us-jobs

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