Finance General News

General Motors to develop new Electric Vehicles in Michigan plant

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General Motors Co announced on Friday that it would invest $300 million in their Michigan plant to develop new Chevrolet electric vehicle. This would generate about 400 jobs in the region.

General Motors (GM), while being the largest US automaker, has been criticised many times by President Donald Trump in the recent past. This criticism particularly targeted the automaker’s decision to stop production at its Ohio assembly plant this month.

President Trump had engaged in tweets targeted towards GM since Saturday. However, GM officials claim that the decision was made before the criticism started. Besides angry tweets, the President called GM CEO Mary Barra on Sunday to push for the reopening of the operations at the Ohio plant.

Barra also spoke after an event in Orion Township about the investment in which she said that GM is determined to provide jobs to all hourly workers at the Ohio plant at other plants. But there was no discussion of the possibility of reopening the plant.

The job cuts haven’t been a new thing with GM, though. The automaker said last year that it would shut down five assembly plants in North America which would cut about 15,000 jobs. This announcement led to Barra visiting Capitol Hill where she faced questions on this move.

Barra in a statement said that GM wants to create “good paying jobs”. This year, the company plans to invest $1.8 billion in its US operations which is likely to generate a high number of jobs.

The information about the new Chevrolet EV – product information and timing – will be published later as production approaches, the company said.