GM Announces $1B Factory Investment, New Jobs

Too much and too late

CBS Dallas / Fort Worth

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DETROIT (AP) – General Motors has announced a $1 billion investment in its factories that will create or keep around 1,000 jobs.

The investment is part of the normal process of equipping factories to build new models, and it’s been planned for months.

“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,”  said GM Chairman and CEO Mary Barra. “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.

Trump has threatened to tax GM for importing the compact Chevrolet Cruze. While GM builds hatchback…

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