Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

GM to invest $4B in 3 U.S. facilities over next 2 years as it ramps up gas-powered vehicles


General Motors said on Tuesday that it planned to invest around $ 4 billion in the next two years in three American facilities in Michigan, Kansas and Tennessee while it moves to stimulate the production of gas vehicles in the middle of electric vehicle demand.

The company said that it would start the production of full -size SUVs in gas and slightly service vans in its Orion assembly factory in the canton of Orion, Michigan, at the beginning of 2027. Orion assembly was previously planned to build electric trucks from next year.

This decision questions GM’s plan to end the production of gas cars and trucks by 2035. It was greeted by the White House, which imposed important prices on imported vehicles to put pressure on car manufacturers to move more production in the United States.

The CEO of General Motors, Mary Barra, is expressed when the contractual interviews were opened with the workers of the united auto in Detroit. General Motors reports the financial results Thursday August 1 (AP photo / Paul Sancya, file)
The CEO of General Motors, Mary Barra, spoke with American president Donald Trump in March investment plans. (Paul Sancya / The Associated Press)

In March, GM CEO Mary Barra met US President Donald Trump to talk about investment plans and told President GM needed California emissions and federal fuel economy requirements to extend American production, Reuters told Reuters. Trump is expected to sign legislation Thursday to cancel the rules of Zero-emission vehicles from California.

“No president has taken more interest in rekindling the automotive industry formerly the largest than President Trump, and GM’s investment announcement is based on billions of dollars in other historic investment commitments to America,” said White House spokesperson Kush Desai.

The GM Fairfax assembly plant in Kansas should start to build the fully electric chevrolet bolt by the end of this year, and GM says it will now also build the Equinox petrol chevrolet from mid-2027.

The workers carry out an assembly on the SUV chassis at the General Motors assembly plant in Arlington, Texas, June 9, 2015. General Motors CO increases the challenges on its bet that sales of sports public service assorted for fuel will continue to drive its world profits as Chinese markets and other markets. GM said on July 14, 2015 that it planned to spend $ 1.4 billion to modernize the factory in Arlington, Texas, which built Cadillac Escalade, Chevrolet Suburban and GMC Yukon Sport vehicles. This is the biggest investment in an upgrade program of the factory of $ 5.4 billion announced earlier this year. Photo taken on June 9, 2015.
The workers perform an assembly on a SUV chassis in a General Motors assembly plant in Arlington, Texas. (Mike Stone / Reuters)

In a press release, the largest American automaker said that it expects to make “new future investments in Fairfax for the next generation of affordable GM electric vehicles”.

GM last month said that he was also investing $ 888 million in a New York propulsion plant to increase the production of gas engines.

In Spring Hill, Tennessee, GM, GM will add the production of the Chevy Blazer to gas from 2027. It will be built alongside the Cadillac Lyriq and Vistiq electric SUVs as well as the Cadillac XT5 with gas.

The Chevrolet Equinox and Gas Blazer and the Blazer are currently produced in Mexico. The equinox will continue to be built in Mexico once production begins in American facilities in order to provide markets outside North America.

The Chevrolet Equinox SUVs are parked while waiting for the shipment next to the CARS (GM) assembly plant in Ingersoll, Ontario, Canada on October 13, 2017.
The Chevrolet Equinox SUVs are parked awaiting shipping next to a North American assembly plant in General Motors. (Chris Helgren / Reuters)

The Mexican Minister of the Economy, Marcelo Ebrard, said in an article on social networks that he had spoken with GM and said that there was no expectations of plant closure or layoffs in the Mexican factories of the automaker.

GM said it expects annual capital expenses to be between $ 10 billion and 12 billion USD up to 2027, reflecting the increase in American investments, prioritization of key programs and efficiency compensation.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *