General Motors Co. will make a $1 billion investment in its factories that will create or keep around 1,500 jobs.
Crain’s Detroit Business reported that the investment is part of the normal process of equipping factories to build new models, and it’s been planned for months, a person briefed on the matter told The Associated Press this week.
Details of individual projects will be announced throughout the year, the Detroit-based automaker said in a news release.
The Detroit automaker also said today (Jan. 17) that it will begin work on insourcing axle production for its next generation full-size pickups, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs.
The company also confirmed that a supplier will make components for GM’s next-generation full size pickups in Michigan, moving 100 supplier jobs from Mexico to the U.S.
“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,” GM Chairman and CEO Mary Barra said. “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.”
President-elect Donald Trump has attacked GM and other automakers for building vehicles in Mexico and shipping them to the U.S.
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