GM Poised to Join Hyundai-Kia in Unveiling U.S. Investment Plan
- Top U.S. carmaker faced pressure to follow Ford, Fiat Chrysler
- Trump threatening Mexico-built cars, praising U.S. hiring
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General Motors Co. is set to announce a $1 billion U.S. investment plan, joining Hyundai Motor Co. and Kia Motors Corp. among the latest automakers to outline their spending amid pressure from President-elect Donald Trump to create jobs.
The largest U.S. automaker plans to say on Tuesday it will invest in U.S. plants over several years, and expects to add or retain 1,000 workers at several existing facilities, according to a person familiar with the matter. The announcement, which is being accelerated, is related to building products that were in the works and approved before Trump won the election in November, said the person, who asked not to be identified because the matter is private.