General Motors says to invest additional $1 billion in US

General Motors says to invest additional $1 billion in US

General Motors Co said on Tuesday it would invest an additional $1 billion (nearly Rs 6,652.8 crore) in its US factories, moving some production from Mexico.

The investments are in addition to the $2.9 billion (nearly Rs 19,292.97 crore) the automaker announced last year, General Motors (GM) said. 

ALSO READ: General Motors to shut five US plants temporarily in January

GM and other automakers have been criticised by US President-elect Donald Trump for building vehicles in Mexico that are imported into the United States (US).

On January 3 Trump threatened to impose a "big border tax" on GM for making some of its Chevrolet Cruze compacts in Mexico.

ALSO READ: GM signals no change of plans despite Trump criticisms 

 

Written By: Reuters
Updated: Tue, Jan 17, 2017
08:10 PM IST
Reuters
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