GM Plans $1 Billion U.S. Investment in Nod to Trump
- Carmaker outlining plans similar to Ford, Fiat Chrysler
- Trump threatening Mexico-built cars, praising U.S. hiring
GM CEO Barra: More in Common Than at Odds With Trump
This article is for subscribers only.
General Motors Co., facing pressure from President-elect Donald Trump to boost hiring, plans to announce on Tuesday it will invest $1 billion in U.S. plants over several years, according to a person familiar with the matter.
The largest U.S. automaker expects to add or retain 1,000 jobs at several existing facilities, said the person, who asked not to be identified because the matter is private. The investment announcement, which is being accelerated amid pressure from the president-elect, is related to building products that were in the works and approved before Trump won the election in November, the person said.