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GM set to invest another Billion Dollars at Several U.S. Plants

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General Motors said today it will invest an additional $1 billion at several plants in the U.S., a move that comes just a week after President-elect Donald Trump's latest tweet critical of the automaker's Mexican car production.


The automaker also said it plans to bring thousands of information technology jobs back to the U.S. from overseas, creating a total of 7,000 new jobs in the U.S. when the IT jobs and new manufacturing jobs are combined.


GM also said it will begin work on bringing axle production for its next generation full-size pickup trucks in the U.S., including work previously done in Mexico, to plants in Michigan, creating 450 U.S. jobs.


USA Today reported that the automaker declined to identify the individual plants that will gain work – saying that details will be announced throughout the year.


"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 CEO Mary Barra said in a statement.


Barra added that "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."


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