GM to announce up to $300 million in U.S. investment after Trump rips company over layoffs

By Heather Long and Heather Long Economics correspondent Email Bio Follow Josh Dawsey Josh Dawsey Reporter covering the White House Email Bio Follow March 21 at 7:46 PM General Motors plans to announce a $300 million investment at its Orion Assembly Plant in Michigan on Friday in an effort to assuage President Trump, who has berated the company all week for shutting a factory in Ohio.

“What’s going with General Motors? Get that plant open or sell it to somebody and they’ll open it. Everybody wants it,” Trump said to applause. “[GM and the UAW] say they have discussions coming up in September, October. I said, ‘Why not tomorrow?’ ” Barra tried to emphasize to Trump that the company has been working to relocate workers at Lordstown to other GM factories across the country. About 800 have transferred, according to the union, but Trump wasn’t satisfied with that, according to people familiar with the conversation.

The plant mainly produces an electric car, the Chevy Bolt, and a self-driving vehicle, which GM leaders say are key to the company’s future. Friday’s announcement comes after GM in 2018 announced it would invest a total of $100 million to build electric and autonomous vehicles at the Orion factory and at another Michigan facility.

The Lordstown factory opened in 1966 and has been a bedrock of the local community, providing middle-class jobs for thousands of families over the years. But auto plants “tend to last 50 or 60 years,” Dziczek said, meaning that Lordstown was “nearing the end of its useful life.”

Reinforcing inappropriate behavior increases the likelyhood that inappropriate behavior will be repeated and/or increased. So stop it people!

And?🤨

Of course trump will take all the Credit

After squandering over $10 BILLION on stock buybacks?

Expect to pay $50,000 for basic model car w/no bells/whistles! trump's vision is BIG BUSINESS OVER middle class taxpayers; economy doesn't benefit ALL, only rich/wealthy/corporations! Big business got enormous tax cuts as consumers getting stiffed w/higher cost of goods/services.

Good job Mr President

Thanks Trump for the best economy of all time

Lip service to placate Trump, And they never follow through. We've seen this before

Trump is the best President so far

Oh! I guess ford investing $900 million made them look silly.

THIS IS THE TIME AMERICA🇺🇸🇺🇸LET'S HELP THE TheDemocrats GET THE FULL MUELLERREPORT OUT!!!!!!!

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