Published: Mon, March 25, 2019
Markets | By Otis Pena

GM Investing $300M in Detroit-Area Plant for New EVs

GM Investing $300M in Detroit-Area Plant for New EVs

General Motors CEO and chairwoman Mary Barra said Friday morning that the auto company is aligned with President Donald Trump to put American jobs and workers first as it revealed plans to build an all-electric vehicle in MI.

Barra, speaking to reporters after an event at the plant in Orion Township, outside Detroit, with Michigan Governor Gretchen Whitmer announcing the investment, said GM is focused on ensuring that all of the hourly workers at Lordstown find new jobs at other plants. "This is a significant investment in GM's electrification future". "GM will continue to invest in our USA operations where we see opportunities for growth". During the weekend, Trump demanded that GM reopen the plant or sell it, criticized the local union leader and expressed frustration with CEO Mary Barra.

Trump also demanded that GM add a new product to replace the OH plant.

During his visit to OH on Wednesday, Trump specifically spoke out about the closure of the Lordstown plant that had been producing the Chevy Cruze, one of six slow-selling models GM is abandoning. The new Chevrolet EV is in addition to the company's earlier announcement that Cadillac will be the first brand to get vehicles off a future EV platform.

"I am disappointed that GM has chosen to make this investment while Lordstown remains idle", said U.S. Rep. Tim Ryan of Howland, D-13th.

GM spokesman Dan Flores said the investment has been in the works for weeks.

The Orion plant that builds the Chevy Bolt EV is getting $300M to build another EV
The Orion plant that builds the Chevy Bolt EV is getting $300M to build another EV

Trump's latest GM tweet on Monday said GM should: "Close a plant in China or Mexico, where you invested so heavily pre-Trump", and "Bring jobs home!"

GM originally meant to produce the new electric vehicle outside the United States.

The Lake Orion facility also builds the Cruise AV, which is an autonomous development vehicle based on the Bolt EV. "We spend more than $6 billion in OH every year". And remember that GM has already announced it would be introducing 20 new electric cars globally by 2023.

"There is hardship among four of our locations and we've made it clear that we disagree with that", Dittes said when he took the podium after Barra spoke.

GM said the Lordstown plant will be placed in a "state of readiness".

"But we've gotta make sure it's gonna be a sustainable business because the worst thing would be to do something that isn't a sustainable business and then people find themselves in a hard decision all over again". From where we sit, that's a short-term game that sits at odds with the company's statements to the public, its customers, and investors that it plans to become a zero-emission vehicle company soon.

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