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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

GM $1 Billion Investment to Bring Jobs?

Not too long ago President-elect Donald Trump criticized General Motors for its decision to build its cars in Mexico. Now, however, the automaker announced its $1 billion investment. The company says it will bring in over 1,000 jobs.

While the announcement hasn’t been officially brought to light, GM isn’t the first automaker to say it will bring more jobs. Fiat Chrysler recently said it would bring over 2,000 jobs to Michigan. Fiat, though, wasn’t threatened with Trumps “big border tax”.

Yet even though Trump criticized GM for the making of its Cruze in Mexico. GM contradicted that most of the Cruze sales are in Ohio. The hatchback Cruze, according to GM’s product development chief, is better suited for production in Mexico. The Ohio factory that produces the sedan model of the Cruze isn’t equipped for the hatchback.

GM defended their decision to keep their Mexico factory. The automaker says that it’s investments in the United States go beyond billions. Not to mention that since its bankruptcy it has added thousands of jobs to the U.S. During the Detroit auto show this past week, the CEO of GM Marry Barra told the press that the company has no plan to change where they make their cars just because of Trump.

Barra also made it clear that the company makes the decisions on where they chose to produce their vehicles at least four years in advance.


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