Tuesday, January 17, 2017

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

WSJ ^ | Jan. 16, 2017 | Mike Colias 

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 of new jobs in excess of 1,000 stemming from the investment but doesn’t plan to specify which of its factories are in line for more work, one person said.

A GM spokesman declined to comment. The Trump transition team didn’t immediately return a request for comment.
(Excerpt) Read more at wsj.com ...

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