General Motors confirmed it will invest an extra $1 billion in its U.S. factories in 2017 and will relocate some parts production from Mexico to the United States that was formerly managed by a provider.
The financial investments remain in addition to the $2.9 billion the company revealed in 2016, automaker stated.
General Motors and other car manufacturers have been targeted by U.S. President-elect Donald Trump for constructing automobiles in Mexico that are imported into the United States.
The automaker stated the $1 billion financial investment will develop or maintain 1,500 jobs and information of specific projects will be revealed during the year.
“Thank you to General Motors and Walmart for starting the big jobs push back into the US,” Trump tweeted, referring also to Wal-Mart Stores Inc’s statement that it will employ 10,000 U.S. employees this year as part of a strategy formerly revealed by the discount retailer.
General Motors likewise stated it will start work on bringing axle production for its next generation of full-size pickup, including work formerly carried out in Mexico, to operations in Michigan, producing 450 U.S. jobs.
The part was formerly constructed by American Axle & Manufacturing Holdings Inc.
General Motors spokesperson Joanne Krell stated the company planned to add 7,000 new U.S. jobs over the next 2 to 3 years. Krell stated the choices being revealed “had remained in the works for some time” however she included “the timing was good for us to share exactly what we are doing”.
The 7,000 figure consists of the 450 jobs on axle production, 1,500 jobs connected to the $1 billion statement and over 5,000 new jobs connected to engineering, GM Financial and advanced technology.
