1 of 1- Common Sense
- Exchanger
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- Posts: 3,256
General Motors Plans at Least $1 Billion in Fresh U.S. Investment
General Motors Plans at Least $1 Billion in Fresh U.S. Investment
Auto maker’s move is expected to create more than 1,000 new jobs
General Motors
Co. this week will announce plans to invest at least $1 billion across several U.S. factories, two people familiar with the plan said, a move aimed at underlining its commitment to U.S. manufacturing jobs in the wake of President-elect Donald Trump’s criticism of the auto maker’s imports from Mexico.GM’s announcement could come as early as Tuesday, the people briefed on the plan said.
The company will cite a number of new jobs in excess of 1,000 stemming from the investment but doesn’t plan to specify which of its factories are in line for more work, one person said.
A GM spokesman declined to comment. The Trump transition team didn’t immediately return a request for comment.The move comes days after Mr. Trump publicly ratcheted up pressure on the nation’s largest auto maker. During his press conference last week, the president-elect thanked Ford Motor Co. and Fiat Chrysler Automobiles for recently announced U.S. investment plans that are expected to create a combined 2,700 jobs. He then turned up the heat on GM to follow suit.“I hope that General Motors will be following. And I think they will be,” Mr. Trump said.
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
- Rongone
- Sentient Being
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- From: Keeping Calm, Sailing On
- Registered: 1/31/2015
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Re: General Motors Plans at Least $1 Billion in Fresh U.S. Investment
These are business decisions. To attribute these business decisions to pressure from anticipated actions or previous comments by a guy who says he is in favor of deregulation, free markets, and ending government interference in business is nonsensical, lacks reason, and irrational.
- Goose
- Cogito ergo sum
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Re: General Motors Plans at Least $1 Billion in Fresh U.S. Investment
Thank you, president Obama!
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- Just Fred
- Duke of Cortona
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Re: General Motors Plans at Least $1 Billion in Fresh U.S. Investment
I think we can be glad now that Obama helped to bail out GM when it was struggling a couple of years ago.
- Goose
- Cogito ergo sum
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- Posts: 13,427
Re: General Motors Plans at Least $1 Billion in Fresh U.S. Investment
And to think, pence was against the bailout, and trump has been against it, for it, and against it.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- tennyson
- Exchanger
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Re: General Motors Plans at Least $1 Billion in Fresh U.S. Investment
Goose wrote:
And to think, pence was against the bailout, and trump has been against it, for it, and against it.
There would likely have been no company remaining.
My, how time changes perception.
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"