General Motors Invests In US, $1 Billion Deal Confirmed

Jan 17, 2017 09:10 AM EST | Leian N.


After being called out by President Donald Trump earlier this month, General Motors has revealed that they will officially invest $1 billion into the U.S. market which will open doors for 1,000 jobs in the country. The announcement will commence by Tuesday morning.

Last year, General Motors announced that they would be investing $1.6 billion into a Mexico plant where smaller cars of the brand would be produced. However, President Donald Trump called the company out for importing Mexican-made Chevrolet Cruze which, in turn, minimized employment opportunities for Americans. In lieu of his criticism, the company withdrew their Mexico Plant investment and decided to have the resources disseminated in both the Michigan and Ohio plants of the company in the U.S.

The Investment, In General. As reported by Automotive News, a General Motors spokesman revealed that the company would be making its official declaration regarding a $1 billion investment into U.S. plants this coming Tuesday morning, Jan. 17, 2017. Furthermore, the said move was revealed to be not a response to Trump's criticisms but the company's way of showing their devotion to contributing to U.S.'s labor sector.

Per General Motors CEO, Mary Barra, the company is excited to reveal GM's plans to compliment the new administration and how they wish to improve the U.S. employment sector. These plans were set to significantly affect resources for multiple factories based in the U.S. Such plans were revealed to be premeditated for at least two to four years before they were declared official through official announcements, reported Fox News.

President Calls Out Other Auto Companies. Similarly, Trump also called out Ford Motors for their initial plans to invest in the Mexican market. They were supposed to invest in Mexico for the development of the Ford Focus, SUV, and truck models.

Awaiting the official announcement of General Motors tomorrow morning, Barra already announced that the company's move was not triggered by Donald Trump's allegations but to show their commitment to the improvement of U.S. business market. They also want to contribute to matters which would strengthen employment in the country.

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