General Motors has said that they
will invest $1 billion into its U.S. operations. This billion dollars will
cover a number of new advanced technology, vehicle and component projects that
will add around 1,500 new and retained jobs to their state side operations.
This decision comes after criticism
from new President Donald Trump, after he criticized GM for producing cars and
components in Mexico. GM has four factories in Mexico that produce vehicles as
well as engines and transmissions. These factories have been in operation for
decades suppling GM with their products. Despite the fact, that GM has three dozen
factories in the States doing final vehicle assembly, making of components,
tooling and metal factories, they haven’t escaped the new Presidents
disapproval.
The $1 billion investment follows
$2.9 billion in new investments announced by GM last year, and is part of the
company’s focus on overall efficiency over the last four years. GMs investment
is creating jobs and putting American’s back to work, so far creating 25,000
jobs- 19,000 in engineering, IT and professional jobs and 6,000 in hourly
manufacturing jobs. GM claims that they have invested more than $21 billion
into their U.S. operations since 2009.
And GM isn’t done creating jobs.
They are planning on moving the axle production back to Michigan from Mexico,
thus creating 450 jobs. They also recently brought back more than 6,000 IT jobs
that were previously outside of the U.S. Gm also is pushing to create a network
of suppliers located near us factories. Locations set to receive these “supplier
parks” are Spring Hill Assembly Plant in
Tennessee, Fort Wayne Assembly Plant in Indiana, and Lordstown Assembly Plant
in Ohio. Gm also plans on making their next generation full size pickup in
Michigan.
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