General Motors(DETROIT) — General Motors is investing another $1 billion in U.S. manufacturing operations, the automaker announced on Tuesday.
The investment covers “multiple new vehicle, advanced technology and component projects” and includes 1,500 new and retained jobs, GM said in a press release. Details about those jobs, however, won’t be revealed until later in the year.
The company said it will also create an additional 450 U.S. jobs as it begins insourcing axle production for its pickup trucks in Michigan, including work that had been previously done in Mexico.
“As the U.S. manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners,” GM CEO Mary Barra said in a statement. “The U.S. is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value.”
Barra added that insourcing IT jobs and streamlining engineering operations will add even more jobs in the U.S. over the next few years.
“We will continue our commitment to driving a more efficient business, as shown by our insourcing of more than 6,000 IT jobs that were formerly outside the U.S., streamlining our engineering operations from seven to three, with the core engineering center being in Warren, Michigan, and building on our momentum at GM Financial and in advanced technologies,” she said. “These moves, and others, are expected to result in more than 5,000 new jobs in the U.S. over the next few years.”
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