General Motors Plans at Least $1 Billion in Fresh U.S. InvestmentThe newspaper has denounced President Trump's efforts to increase manufacturing jobs in America.
President Trump shamed Carrier, and Carrier decided against moving to Mexico.
Trump shamed Boeing, and Boeing decided to re-negotiate the $4.2 billion Air Force One it was designing.
Trump shamed Ford, and Ford decided against moving to Mexico.
Toyota, Fiat Chrysler, and now GM are investing billions in America.
They'll buy from American suppliers.
From the Wall Street Journal:
General Motors Co. this week will announce plans to invest at least $1 billion across several U.S. factories, two people familiar with the plan said, a move aimed at underlining its commitment to U.S. manufacturing jobs in the wake of President-elect Donald Trump’s criticism of the auto maker’s imports from Mexico.
GM’s announcement could come as early as Tuesday, the people briefed on the plan said. The company will cite a number of new jobs in excess of 1,000 stemming from the investment but doesn’t plan to specify which of its factories are in line for more work, one person said.
A GM spokesman declined to comment. The Trump transition team didn’t immediately return a request for comment.
The move comes days after Mr. Trump publicly ratcheted up pressure on the nation’s largest auto maker. During his press conference last week, the president-elect thanked Ford Motor Co. and Fiat Chrysler Automobiles for recently announced U.S. investment plans that are expected to create a combined 2,700 jobs. He then turned up the heat on GM to follow suit.
“I hope that General Motors will be following. And I think they will be,” Mr. Trump said.But the Wall Street Journal's editorial board is now comprised of liberals like Bret Stephens, who openly and repeatedly hoped for a 50-state sweep by Democrat Hillary Clinton.
On December 1, it opined: "Workers don’t prosper when politicians force companies to make non-economic decisions."
Does anyone think the press will ever admit it is wrong about President Trump and the American economy?
At any rate, glad to see GM ignored the Wall Street Journal's strange advice.
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