General Motors said Tuesday that it will make a $1-billion investment in its U.S. factories that will create or keep about 1,500 jobs. The investment is part of the normal process of equipping factories to build new models, and it has been planned for months, a person briefed on the matter said this week. The company also confirmed that a supplier will make components for GM's next-generation full-size pickup trucks in Michigan, moving 100 supplier jobs from Mexico to the United States. Earlier this month, Trump threatened on Twitter to tax GM for importing the compact Chevrolet Cruze. She said the company has more in common with Trump's goals on trade and jobs than differences.

Source: Los Angeles Times January 17, 2017 14:50 UTC