GM will invest $1 billion in US manufacturing

Jan 18, 2017

General Motors announced on Tuesday that it will invest $1 billion in its US operations, bringing total investments since the carmaker emerged from bankruptcy in 2009 to $21 billion.

The investment was expected and planned by GM, but the timing couldn't be better for the company, as Donald Trump prepares to take office as the 45th President on a platform of restoring US manufacturing employment.

“As the US. manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners,” GM CEO Mary Barra said in a statement.

More from Business Insider.