General Motors has announced plans to invest approximately $4 billion in its domestic manufacturing plants over the next two years, aiming to boost U.S. production of both gasoline and electric vehicles.
GM’s new investment will allow the company to build over 2 million vehicles annually in the U.S.
GM CEO, Mary Barra, told investors, “We believe the future of transportation will be driven by American innovation and manufacturing expertise. Today’s announcement demonstrates our ongoing commitment to build vehicles in the U.S and to support American jobs. We’re focused on giving customers choice and offering a broad range of vehicles they love.”
General Motors currently operates a network of 50 manufacturing plants and parts facilities across 19 U.S. states, including 11 vehicle assembly plants.
The company has also announced plans to invest $888 million in the Tonawanda Propulsion plant near Buffalo, New York, to support its next-generation V-8 engine.
Read our exclusive interview with GM CEO, Mary Barra.
By CEO NA Editorial Staff
