Gm to add or keep 7,000 us jobs, make $1b factory investment – the killeen daily herald_ business


DETROIT (AP) — General Motors plans to invest $1 billion in U.S. Us dollar exchange rate indian rupee factories and add thousands of new white-collar jobs, measures that have been in the works for years but were announced Tuesday after criticism from President-elect Donald Trump.

In all, the Detroit automaker said it will create or keep 7,000 jobs in the next few years, including about 2,000 at factories. What are stock market futures Another 5,000 new positions will be created at its auto financing arm and to develop advanced technology, electric and autonomous vehicles and information technology.

Trump has demanded the auto industry build more cars in the U.S. Binary words GM said these latest actions have been in the works since well before the election, although spokesman Patrick Morrissey acknowledged it’s a good time to announce new jobs in the U.S. Ucsd my chart Trump will be sworn in as the nation’s 45th president Friday.

Morrissey said most of the new positions would be in Michigan, with exact locations to be revealed at a later date. Text to number converter The long-planned new white-collar jobs will come in the next two or three years.

GM said the factory investment will create or keep around 1,500 jobs at unspecified factories. 1 usd to ils In addition, 450 new pickup truck axle-making jobs that will be moved to Michigan from Mexico. Exchange rate usd inr GM also said an unidentified company that will make parts for the next-generation pickups will move 100 jobs from Mexico to Michigan.

Trump has attacked GM and other automakers for building vehicles in Mexico and shipping them to the U.S. Decode binary He has threatened to impose a 35 percent border tax on automotive imports from Mexico.

Ford Motor Co., Hyundai Motor Co. Usd mxn and Fiat Chrysler Automobiles U.S. Python example script LLC have also recently announced large investments in their U.S. 1 usd to inr in xoom operations and the creation of new jobs. Binary translator It’s a pattern of auto companies making routine jobs announcements to head off criticism from Trump, who made keeping U.S. 100 usd to eur factory jobs a key element of his campaign.

“General Motors’ announcement today is mostly theater to play in the news cycle created by President-elect Trump’s tweets,” said Michelle Krebs, an auto industry analyst for Kelley Blue Book. 99 usd “These investments and hiring plans have long been in the works.”

Still, Trump claimed credit for bringing auto jobs on Twitter Tuesday morning. Usd nzd exchange rate “With all of the jobs I am bringing back into the U.S. Fundamentals of futures and options markets pdf 8th (even before taking office), with all of the new auto plants coming back into our country … Famous quotes by famous people I believe the people are seeing ‘big stuff,'” he wrote.

On the eve of the Detroit auto show last week, GM CEO Mary Barra said the company has no plans to change where it produces small cars in light of Trump’s threats. Eur usd rate Trump threatened GM with a tax for importing some Chevrolet Cruze hatchback compact cars from Mexico. Euro to inr chart Most Cruzes sold in the U.S. Eu to usd are sedans built in Ohio.

GM said it has invested more than $21 billion in the U.S. Dollar vs rupee exchange rate today and created 25,000 jobs, including 19,000 white-collar and 6,000 blue-collar positions since it left bankruptcy protection in 2009.

Earlier Tuesday, Hyundai said it will significantly increase its investment in the U.S. Usd to inr exchange rate history while Trump is president and is considering building a new U.S. Exchange rate ksh to usd factory. Gender roles in society today It didn’t provide further details and denied that political pressure was behind the company’s announcement of a $3.1 billion U.S. Exchange rate usd eur investment plan by 2021.

Earlier this month, Ford announced it had scrapped plans to build a new $1.6 billion small-car factory in Mexico while Fiat Chrysler announced a $1 billion investment plan in its two U.S. Convert cad to usd factories.

Although Ford announced plans for 700 new jobs in Michigan, it still plans to build the compact Ford Focus in Mexico, but at an existing factory. Gender inequality research paper Jobs at the plant that now builds the Focus in suburban Detroit will remain because the plant will build a new SUV and small pickup truck.

Fiat Chrysler’s job announcements were part of a plan announced last year to get out of the small and midsize car business and shift production to trucks and SUVs, including a new Jeep pickup.