General Motors today saying that will invest $1 billion in its U.S. manufacturing operations, creating or keeping 1.500 jobs. The automaker also says it will move production of axle pickup to Michigan, not only its next generation, but also work previously done in Mexico, which means 450 new U.S. jobs. Furthermore GM will create at least 5.000 more U.S. jobs in other parts of its business during the next few years. In that way more than 7.000 jobs will be created in the country.
Investments for this year will lean on the $2.9 billion announced in 2016. This is just a small part of more than $21 billion that GM has invested in U.S. in last seven years. Details will be announced in steps trough out the year 2017.
GM decision on U.S. investments three days before Trump inauguration
The news comes three days before president elect Donald Trump inauguration and follows similar investment announcements from Ford and Fiat Chrysler. Trump has threatened with 35% tariffs on vehicles imported to the U.S. from Mexico.
Trump indirectly referencing GM’s investment on Twitter after the company’s announcement: ‘’With all 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 country and with the massive cost reductions I have negotiated with military purchases and more, I believe that people are seeing ‘big stuff’’’.
A GM spokesman says all of the decisions behind today’s announcement are good business decisions and that they have been in the works for some time.
Over the course of the last four years GM has created 25,000 jobs in the U.S. and at the same time reduced more than 15,000 positions outside the U.S., bringing most of those jobs to America.
GM CEO Mary Barra said: “We will continue our commitment to driving a more efficient business, as shown by our insourcing of more than 6,000 IT jobs that were formerly outside the U.S., streamlining our engineering operations from seven to three, with the core engineering center being in Warren, Michigan, and building on our momentum at GM Financial and in advanced technologies. These moves, and others, are expected to result in more than 5,000 new jobs in the U.S. over the next few years.”