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General Motors set to announce $1B factory investment, new jobs in US
Posted on 1/17/17 at 12:21 am
Posted on 1/17/17 at 12:21 am
quote:
General Motors set to announce $1B factory investment, new jobs
LINK
The announcement comes after President-elect Donald Trump has attacked GM and other automakers for building vehicles in Mexico and shipping them to the U.S.
Earlier this month, Trump threatened on Twitter to tax GM for importing the compact Chevrolet Cruze. While GM builds hatchback Cruzes in Mexico, most Cruze sales are Ohio-built sedans.
On the eve of the Detroit auto show press days last week, GM CEO Mary Barra said the company has no plans to change where it produces small cars due to Trump's threats.
We should all be thankful that Obama's commitment to American manufacturing has helped push investment like this after the election.
This post was edited on 1/17/17 at 12:24 am
9
Posted on 1/17/17 at 12:28 am to goofball
All this before he's even in office.
What's Obama been doing for the past 8 years besides race baiting? He's going to be remembered as this "great president, who broke down all these racial barriers" but the truth is, he's been the worst president since.... hell, you can make a case for worst ever.
What's Obama been doing for the past 8 years besides race baiting? He's going to be remembered as this "great president, who broke down all these racial barriers" but the truth is, he's been the worst president since.... hell, you can make a case for worst ever.
Posted on 1/17/17 at 12:33 am to goofball
More pre-inauguration winning.
Posted on 1/17/17 at 12:38 am to goofball
Don't worry, every democrat will give Obama credit
Posted on 1/17/17 at 1:17 am to John McClane
quote:
Don't worry, every democrat will give Obama credit
The best part is they can't. Many of these CEOs have come out and said that this is because of trump. Takes the wind right out of that sail.
Posted on 1/17/17 at 6:57 am to russellvillehog
Winning already this morning.
Posted on 1/17/17 at 7:33 am to bamarep
B.O. Will go down in history as the absolute worst president in history for those not stricken with a protectionist agenda
Posted on 1/17/17 at 7:51 am to goofball
quote:Thanks Obama! So much winning.
Multiple factories will get part of the money, but GM does not plan to state where the new jobs will go, according to the person. The company plans to use the announcement to tout both blue-collar and white-collar U.S. jobs it has created in recent years, the person said.
Posted on 1/17/17 at 7:59 am to goofball
The article is confusing. It looks like GM is still going to build some Cruze models in Mexico. And it's not clear whether any new jobs are being created in the U.S.
Create or keep?
It doesn't look like GM has changed any plans here.
quote:
General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday
Create or keep?
It doesn't look like GM has changed any plans here.
This post was edited on 1/17/17 at 8:02 am
Posted on 1/17/17 at 8:02 am to cahoots
quote:FOX News. And GM has several factories in Mexico. Wonder how Trumpkins will count any investments abroad.
The article is confusing. It looks like GM is still going to build some Cruze models in Mexico. And it's not clear whether any new jobs are being created in the U.S.
Posted on 1/17/17 at 8:04 am to cahoots
quote:Sounds like a few years ago when we were on the cliff of total doom, stimulus package saved or created millions of jobs.
Create or keep?
Posted on 1/17/17 at 8:08 am to goofball
quote:
We should all be thankful that Obama's commitment to American manufacturing has helped push investment like this after the election.
You realize that the stimulus package that saved GM was pushed by the Obama administration (& the Bush admin).
Posted on 1/17/17 at 8:28 am to cahoots
quote:
The investment is part of the normal process of equipping factories to build new models, and it's been planned for months, the person told The Associated Press.
Should we really credit Trump for something that was probably planned before he was elected?
Posted on 1/17/17 at 8:31 am to cameron789787
Let's keep winning
Posted on 1/17/17 at 9:41 am to tiger perry
quote:
DETROIT — General Motors said on Tuesday that it would invest $1 billion in its American factories tied to 1,500 jobs, becoming the latest automaker to respond to President-elect Donald J. Trump’s call to bolster manufacturing in the United States
From NYT
Posted on 1/17/17 at 9:47 am to Bodhi Bodhisattva
quote:
What's Obama been doing for the past 8 years besides race baiting? He's going to be remembered as this "great president, who broke down all these racial barriers" but the truth is, he's been the worst president since.... hell, you can make a case for worst ever
He's an empty suit.
The thought of Trump being president is pushing a lot of these companies to move forward with investments that have been delayed or shelved.
This involves moving axle and component production from Mexico to Michigan.
This post was edited on 1/17/17 at 9:58 am
Posted on 1/17/17 at 9:54 am to John McClane
quote:
Don't worry, every democrat will give Obama credit
You mean, for helping save GM? Something the conservatives on this board were strongly against.
Thanks Obama!
Posted on 1/17/17 at 9:56 am to BayouBlitz
On time and under budget 
Posted on 1/17/17 at 9:57 am to BayouBlitz
quote:
Something the conservatives on this board were strongly against
Bailing out the UAW and gifting them millions in tax dollars?
Posted on 1/17/17 at 10:02 am to goofball
quote:
Barra said the auto business has long lead times for where it produces vehicles, with decisions are made two to four years ahead.
Thanks Obama!
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