General Motors has been recently facing flak from multiple fronts. US President Donald Trump, lawmakers in Washington D.C., Canadian capital of Ottawa along with labour unions and others have slammed GM after it planned to end production in five North American plants slashing close to 14,000 jobs.
Earlier this week, General Motors announced a multimillion-dollar investment in two Michigan plants. This news came a few days after the company announced some 1,000 openings at its Flint Assembly plant to build in-demand heavy-duty pickups.
General Motors Flint Assembly plant currently manufactures the Chevrolet Silverado and GMC Sierra.
As part of its series of investment, GM also said that it will invest $20 million at its Romulus Powertrain Plant in order to buy machining equipment. The investment is to expand production capacity for its 10-speed transmission, currently seen on the Chevrolet Camaro, the GMC Yukon and many other vehicles.
That news was reported a day after the company announced a $36 million investment for Lansing Delta Township Assembly for future crossover production. The plant in question is GM’s newest, opened in 2006. Models that are currently built at the plant include the Chevy Traverse and Buick Enclave which are expected to receive a mid-cycle refresh with the investment.
GM will also invest $36 million in the Lansing Delta Township Assembly for future crossover production.
While neither of the announcements came with additional jobs, the company has addressed areas where the company is expected to witness a surge in demand for its products.
Apart from this, the company is reportedly also in talks alongside retail giant Amazon to buy American EV startup Rivian Automobiles. Citing internal sources, Reuters reported that Amazon and GM were in talks to invest in Rivian Automotive LLC in a deal that will value the latter between $1 billion and $2 billion. GM and Amazon’s stakes in the Michigan-based startup can provide a major boost for its aspirations to be the first carmaker in the US market with an electric pickup.