Trump Touts "People Are Seeing Big Stuff” After GM Unveils 7,000 New U.S. Jobs
Confirming rumors that leaked yesterday, GM has just announced plans to invest $1 billion in its U.S. manufacturing operations and add 7,000 jobs domestically, over the next "few years". Of course, the move follows similar announcements from Ford and Fiat-Chrysler over recent weeks in an apparent effort to appease the incoming Trump administration amid threats of a 35% import tariff and after years of outsourcing automotive manufacturing jobs to Mexico. To add icing to the cake, GM notes that 450 of the new jobs will come from insourcing jobs previously moved to Mexico. Per General Motors:
General Motors today announced that it will invest an additional $1 billion in U.S. manufacturing operations. These investments follow $2.9 billion announced in 2016 and more than $21 billion GM has invested in its U.S. operations since 2009.
The new investments cover multiple new vehicle, advanced technology and component projects. A combination of 1,500 new and retained jobs are tied to the new investments. Details of individual projects will be announced throughout the year.
The company also announced it will begin work on insourcing axle production for its next generation full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs.
"As the U.S. 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,” said GM Chairman and CEO Mary Barra. “The U.S. is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value.”
“We will continue our commitment to driving a more efficient business,” said Barra, “as shown by our insourcing of more than 6,000 IT jobs that were formerly outside the U.S., streamlining our engineering operations from seven to three, with the core engineering center being in Warren, Michigan, and building on our momentum at GM Financial and in advanced technologies. These moves, and others, are expected to result in more than 5,000 new jobs in the U.S. over the next few years.”
GM also highlighted their efforts to work with tier two suppliers to "insource" those manufacturing jobs as well.
GM has also been facilitating its supplier base to do the same. The company has been executing a strategy to create supplier parks adjacent to its U.S. manufacturing sites (already accomplished at GM’s Fairfax Assembly Plant in Kansas, Spring Hill Assembly Plant in Tennessee, Fort Wayne Assembly Plant in Indiana, and Lordstown Assembly Plant in Ohio), and will continue to expand this effort. Supplier parks locating near assembly plants result in significant savings from reduced transportation costs, higher quality communications and continuous improvement activities as suppliers are located closer to the final assembly location.
In addition, GM is confirming that another supplier has committed to make components for GM’s next-generation full size pick-up trucks in Michigan, moving 100 supplier jobs from Mexico to the U.S.
And, or course, it didn't take Trump long to declare victory on Twitter:
Follow
Donald J. Trump ✔ @realDonaldTrump
With all of the jobs I am bringing back into the U.S. (even before taking office), with all of the new auto plants coming back into our.....
Trump Touts "People Are Seeing Big Stuff� After GM Unveils 7,000 New U.S. Jobs | Zero Hedge
obama could have done stuff like this
but he was too busy killing women and children good, and creating weaponized refugees, and banking practices to destroy any competition from places like britain and germany
Hyundai To Boost Investment In The US To $3.1 Billion Over 5 Years
Trump Touts "People Are Seeing Big Stuff� After GM Unveils 7,000 New U.S. Jobs | Zero Hedge
one thing you lie barrals don't get:
the quantitative easing and treasuries moneys out in the wild have got to come home to roost
this way you get something for the money
otherwise you would just get hyperinflation and the financial biggest collapse you couldn't even imagine after all of the idiotic liebarral kicking of the can down the road.
I don't expect you fake news pizza people to get it though
so, stick (sic) to your ( prolly illegally immigrated ) chihuahuas
Confirming rumors that leaked yesterday, GM has just announced plans to invest $1 billion in its U.S. manufacturing operations and add 7,000 jobs domestically, over the next "few years". Of course, the move follows similar announcements from Ford and Fiat-Chrysler over recent weeks in an apparent effort to appease the incoming Trump administration amid threats of a 35% import tariff and after years of outsourcing automotive manufacturing jobs to Mexico. To add icing to the cake, GM notes that 450 of the new jobs will come from insourcing jobs previously moved to Mexico. Per General Motors:
General Motors today announced that it will invest an additional $1 billion in U.S. manufacturing operations. These investments follow $2.9 billion announced in 2016 and more than $21 billion GM has invested in its U.S. operations since 2009.
The new investments cover multiple new vehicle, advanced technology and component projects. A combination of 1,500 new and retained jobs are tied to the new investments. Details of individual projects will be announced throughout the year.
The company also announced it will begin work on insourcing axle production for its next generation full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs.
"As the U.S. 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,” said GM Chairman and CEO Mary Barra. “The U.S. is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value.”
“We will continue our commitment to driving a more efficient business,” said Barra, “as shown by our insourcing of more than 6,000 IT jobs that were formerly outside the U.S., streamlining our engineering operations from seven to three, with the core engineering center being in Warren, Michigan, and building on our momentum at GM Financial and in advanced technologies. These moves, and others, are expected to result in more than 5,000 new jobs in the U.S. over the next few years.”
GM also highlighted their efforts to work with tier two suppliers to "insource" those manufacturing jobs as well.
GM has also been facilitating its supplier base to do the same. The company has been executing a strategy to create supplier parks adjacent to its U.S. manufacturing sites (already accomplished at GM’s Fairfax Assembly Plant in Kansas, Spring Hill Assembly Plant in Tennessee, Fort Wayne Assembly Plant in Indiana, and Lordstown Assembly Plant in Ohio), and will continue to expand this effort. Supplier parks locating near assembly plants result in significant savings from reduced transportation costs, higher quality communications and continuous improvement activities as suppliers are located closer to the final assembly location.
In addition, GM is confirming that another supplier has committed to make components for GM’s next-generation full size pick-up trucks in Michigan, moving 100 supplier jobs from Mexico to the U.S.
And, or course, it didn't take Trump long to declare victory on Twitter:
Follow
Donald J. Trump ✔ @realDonaldTrump
With all of the jobs I am bringing back into the U.S. (even before taking office), with all of the new auto plants coming back into our.....
Trump Touts "People Are Seeing Big Stuff� After GM Unveils 7,000 New U.S. Jobs | Zero Hedge
obama could have done stuff like this
but he was too busy killing women and children good, and creating weaponized refugees, and banking practices to destroy any competition from places like britain and germany
Hyundai To Boost Investment In The US To $3.1 Billion Over 5 Years
Trump Touts "People Are Seeing Big Stuff� After GM Unveils 7,000 New U.S. Jobs | Zero Hedge
one thing you lie barrals don't get:
the quantitative easing and treasuries moneys out in the wild have got to come home to roost
this way you get something for the money
otherwise you would just get hyperinflation and the financial biggest collapse you couldn't even imagine after all of the idiotic liebarral kicking of the can down the road.
I don't expect you fake news pizza people to get it though
so, stick (sic) to your ( prolly illegally immigrated ) chihuahuas
