General Motors to invest $1.3 billion in 5 U.S. plants

[Redfairen]

Source: Reuters

General Motors Co said on Monday it will invest nearly $1.3 billion at five U.S. plants to make a new transmission and boost output for a planned new engine as well as add a vehicle paint shop.

GM, the No. 1 U.S. automaker, said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs combined, but did not say how many will be new jobs. The five plants employ about 7,500 people.

The investment is part of $8 billion that GM typically spends annually on its global operations and will be used to make a new 10-speed transmission and boost planned output of a new V6 engine, as well as support production of an existing 6-speed transmission, the company said. GM also will add a new paint shop and logistics center.

Since 2009, when GM emerged from bankruptcy with the help of a $49.5 billion U.S. taxpayer bailout, the company has announced investments of more than $10.1 billion in its U.S. operations, including $2.8 billion this year alone.



Read more: http://in.mobile.reuters.com/article/idINL2N0JV0DQ20131216?irpc=932

[Skittles]

1. take that, teabaggers

[Populist_Prole]

6. A good sharp sucker-punch to their sour guts

Imagine what it must fell like to them. Just three years ago they were riding a big wave as they saw what they thought was an enemy nearly vanquished, private sector unionized industrial workers on the ropes and marginalized enough to allow them to concentrate their efforts on squashing unionized public employees. They nearly saw a huge portion of the sector of the economy they hate most, Heavy industry, shrunk further, allowing a financialized paper-pushing utopia to replace it. Then BOOM! Everything goes upside down.

Gotta be a major kick in the head. Yeah i guess it was/is. That would explain all the misspelled signs they brandish.

[pampango]

2. $1.1 billion of that will be in Michigan - Flint and Romulus. Great news. Nice fine, Redfairen. n/t

[sheshe2]

3. Great news, Redfairen.

GM is giving back to America.

[bvar22]

4. Great News,

but the question,
Will these be Union Plants
came immediately to mind.

I saw nothing in the article,
and a quick Google didn't answer the question.

Before someone attacks with
Who cares. These are new jobs!


I care.
New Jobs that pay slave wages with no benefits won't solve our problem,
but merely add to the downward pressure on Wages and Benefits.


Ross was Right

Ross was even right about the return of Manufacturing Jobs to America,
AFTER Wages and Benefits had fallen to 3rd World status.

I pray these new plants are UNION.

[Populist_Prole]

5. I share your concern

I'd tend to think they will be union jobs since it's a legacy car manufacturer and not a foreign transplant. Let's hope it's not wishful thinking.

You hit an extremely crucial point so many, even some on DU miss or whitewash over;

"I care.
New Jobs that pay slave wages with no benefits won't solve our problem,
but merely add to the downward pressure on Wages and Benefits"

This happens when so many concentrate on "new" jobs in an almost abstract sense, even "jobs" themselves in an abstract sense; ignoring the jobs that were abolished to bring it about. Witness GE closing it's Erie Pa locomotive plant and opening a new one in Ft. Worth TX, replacing higher paid union jobs with much lower paid non-union ones. Or what Boeing is pulling by becoming a "virtual" aircraft manufacturer subbing stuff out in the US and abroad, and the licking of their chops to phase out their good paid union jobs in Wa. and replace them with lower paying non-union jobs in two VERY red states: SC and Mo. In both cases these represent a definite, categorical net loss: " hey hey ho ho new jobs in xyz!" happy-talk notwithstanding.

[warrant46]

11. This is future of manufacturing in amerika

Start a new plant in a place where the wages are 1/2 of the place you are moving from.

Good for the 1%, stock holders and the CEO

[pampango]

7. That is a key question. At least most of the investment is in Michigan, not in right-to-work

states as is so often the case with new manufacturing investments.

[muntrv]

9. Unfortunately, Michigan is a right to work state. Rick Snyder signed it into law last year.

http://www.mlive.com/politics/index.ssf/2013/03/michigan_is_officially_a_right.html

[warrant46]

12. Yes Michigan is swirling the drain just like a lot of other former democratic states Like Wisconsin

Just wait until after the 2014 election.

[DFW]

8. Not a good day to be a Republican

Obama took over GM when it was failing (socialism! Government owning the means of production, the very definition of socialism!).

The administration oversaw GM's restructuring, return to profitability, and once it could stand on its own again, RETURNED IT TO PRIVATE HANDS--something for which a socialist regime would have exiled him to the far corners of the universe.

Now, every time the nut case right wants to call Obama a socialist, one only has to point to GM as irrefutable proof that he is anything but a socialist.

Not that I'm saying that irrefutable proof has ever been a convincing argument to a Republican, you understand........

[Omaha Steve]

10. K&R!