By Heather Long and Heather Long Economics correspondent Email Bio Follow Josh Dawsey Josh Dawsey Reporter covering the White House Email Bio Follow March 22 at 6:46 PM General Motors announced a substantial new investment at a Michigan factory Friday that the automaker says underscores its commitment to building vehicles and creating jobs in the United States.
GM is pumping $300 million into its Orion Assembly plant in the Detroit suburbs to build a new electric car. The company did not disclose any details about the car but did say 400 jobs would be added at the Orion factory, which already makes the electric Chevy Bolt and a self-driving vehicle. Auto industry experts point out that GM’s contract with the UAW expires in September, and it is typical for major automakers to announce sizable new investments around this time as the companies and the union agree on pay and production details for the next several years.
But Larry Kudlow, head of Trump’s National Economic Council, said the GM news is welcome. He spoke with Barra on Thursday about it. “And what’s going on with General Motors? . . . Sell it to somebody or open it yourselves. Get it going now, and the UAW will help you,” Trump said Wednesday on a visit to Ohio.The Lordstown area had voted for Democrats for president for decades before swinging to Trump after he promised to bring jobs back from abroad.
But some Ohio lawmakers were not satisfied with Friday’s GM announcement. “After GM pocketed billions of dollars in tax cuts, they can certainly afford to do right by their workers, retool the Lordstown plant and invest in the Valley as they did in Orion Township today,” said Sen. Sherrod Brown .
Good
If they move production to China this Chevy Colorado that I’m driving will be the last GM product I’ll buy.
rudnicknoah Investment is investment regardless of the why. Can't celebrate the jobs, gotta find some negative angle. Ridiculous
It's the right thing to do for workers, and for America! Bravo!
🤣🤪😂😜😘TRUMP 2020🇺🇸🇺🇸🇺🇸
GM stages...
How can🇺🇸ignore the hypocrisy? Sounds like 'extortion' to avoid the wrath of Trump!🤷🏻♂️ Even as Trump demands industry make products in🇺🇸, is it true that Only 15% of Trump Store items are Made In America .. even 2 yrs AFTER election? Seems even TRUMP Hats are made in Bangladesh😳
Terrible. Send in AOC to to make GM take it back !
Fahrenthold Fascism.
GM/Dems do not want this to be a campaign issue.
Snarkism.
The emperor wears no clothes...
Why? Very weird....😵😲😵😲😵
Lol
While they close 5 factories
'Stages'is the operative word.
Or maybe to help its workers and strengthen our community? So petty.
Winning
Ok GM. I AM NEVER BUYING ANOTHER GM TRUCK
They should after we bailed them out years ago!
GM could make me happy for far, far, less.
It’s a damn shame President Trump had to shame GM into doing the right thing. They must have forgotten about American taxpayers saving their ass in 2008.
They lie like Trump!
He thanks u for the credit..
They are just pulling his chain!
Future democratic presidents should take notes that bullying corporations can work.
Money on paper or even invested means absolutely nothing when it comes to international corps posing as American companies. They announce investments one day and nobody even checks to see if it was ever done or they do and reap even more in from tax schemes after closing anyway.
Fahrenthold Smart play by GM. When Trump complains, announce a plan you may have had for months and Trump thinks you did it for him. He claims credit and his base goes wild.
This isn’t how democracies are supposed to function. Last I checked, the free market didn’t operate under the whims of a tin pot dictator.
remind me not to buy a GM car...oh wait, already done ✅
$1.4 BILLION is not an appeasement. Wow you are so bad.
Finally....push back on the harm of gov set minimum wage. Hurts the workers and the consumers.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »