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Monday, March 25, 2019

GM says it will invest $300 million in its Orion plant after Trump criticism

General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The $300 million investment comes less than a week after a series of critical tweets from President Donald Trump over the closure of GM's Lordstown, Ohio factory.

The company says the investment in its Orion Township, Michigan plant will enable the factory to manufacture a Chevrolet vehicle based on the battery-powered Bolt.

GM wouldn't say when the new workers will start or when the new vehicle will go on sale, nor would it say if the workers will be new hires or come from a pool of laid-off workers from the planned closings of four U.S. factories by January. Mr. Trump last weekend publicly aired his discontent over the Lordstown factory's closure, issuing a series of tweets that urged the automaker to either sell or reopen the plant.

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1 comment:

Anonymous said...

Lithium futures are up.
It's good for batteries and the depression of the unemployed.