GM, United States manufacturing plants
Digest more
GM’s stock climbs as the carmaker’s $4 billion investment to expand existing capacity is viewed as a better than building new plants, one analyst said.
GM is facing another class action lawsuit targeting the naturally aspirated 6.2L V8 L87 gasoline engine, this time with plaintiffs alleging an inadequate fix.
General Motors is making a big investment in its US production footprint — and President Trump’s tariffs could be a reason why.
The Detroit automaker's newest vision for the Orion Assembly plant represents the company's biggest pullback yet on electrification.
GM formed alliances with 2 rare earth mineral processing companies to domestically source materials for parts GM uses in EVs.
Explore more
While GM isn’t abandoning its electric vehicle portfolio — “We still believe in an all-EV future,” a spokesperson told David — the auto giant’s renewed investment in gasoline-powered cars and trucks means its all-electric future just got much further away.
General Motors said on Tuesday it is planning to invest about $4 billion over the next two years at three U.S. facilities in Michigan, Kansas, and Tennessee as it moves to boost production of gas-powered vehicles amid slowing electric vehicle demand.
General Motors' CFO Paul Jacobson made the remarks June 11 at the Deutsche Bank Global Auto Industry Conference.