GM Throws Trump A Bone - Invests $300 Million Into EV Plant, Formally Backs US-Mexico-Canada Trade Agreement

General Motors will throw a bone to President Donald Trump on Friday by announcing an investment in its electric-car plant north of Detroit after enduring days of intense criticism for idling an Ohio factory.

The investment is valued at $300 million, according to two people familiar with the plans cited by Reuters.

The sources also said GM will announce plans for a new electric compact vehicle for Chevrolet, and the automaker will formally endorse the pending United States-Mexico-Canada Agreement, which would replace the North American Free Trade Agreement.

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SanJoseDriver - 3/22/2019 4:58:47 PM

+1 Boost

GM is already being phased out of the rebates...

MDarringer - 3/22/2019 6:30:41 PM

+1 Boost

Too little and far too late.

skytop - 3/22/2019 6:52:52 PM

+5 Boost

GM is playing a dangerous game of chicken with the master Pres. Trump. They are not dealing with the lame brain, demented hussein odumbo so they best respect the U.S. and toe the line.

MDarringer - 3/22/2019 9:03:42 PM

+2 Boost

Trump can play this with the UAW in an amazing quid pro quo.