GM to announce $300 million investment in Orion EV/AV plant

  • Bizline

Mar 23, 2019-

DETROIT: General Motors Co will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker’s self-driving Cruise unit, two people familiar with the plans said on Thursday. The largest US automaker is expected to announce it plans to build a new electric compact vehicle for Chevy, said the people, who asked not to be identified. GM executives also will formally endorse a revised North American free trade deal known as USMCA, the

sources said. GM declined to comment. Company executives are expected to make the case that the new EV—originally considered for one of GM’s Chinese plants—is being built in the United States because of the new trade deal that is still awaiting approval by the US Congress. GM has come under harsh attacks from President Donald Trump over its decision to end production at its Lordstown, Ohio, assembly plant. On Thursday, the company said company executives would be joined at the Orion plant by United Auto Workers union Vice President Terry Dittes and government officials to announce “a major new investment focused on the development of GM future technologies.”  (REUTERS)

Published: 23-03-2019 21:17

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