The November jobs report was fantastic and now things are getting even better.
General Motors has announced a massive investment in America, specifically $1.5 billion for a plant in Missouri.
The Detroit News reports:
GM investing $1.5B for production of next-generation Colorado and Canyon
General Motors Co. will invest $1.5 billion to build its next generation of mid-size pickups, the automaker announced Friday.
A $1 billion investment at GM’s Wentzville, Missouri, plant where the Chevrolet Colorado and GMC Canyon are built will retain about 4,000 jobs. Another $500 million will be spent on supplier tooling for the new trucks. GM did not disclose when the new Colorados and Canyons will go on sale.
To prepare for the introductions, the plant’s paint shop, body shop and general assembly areas will all receive upgrades, including the installation of new machines, conveyors, controls and tooling.
“Through this investment, General Motors is making a firm commitment to the state of Missouri, the city of Wentzville and the GM Wentzville team,” GM President Mark Reuss said in a statement. “This is part of our comprehensive strategy to invest in growth areas and strengthen our U.S. manufacturing base. GM sells more pickups than any other automaker and we have aggressive plans to build on our strengths.”
Since GM reintroduced the Colorado and Canyon in 2013, the automaker has sold more than 700,000 in the U.S.
This is fantastic news:
We are excited and proud that General Motors, an American multinational corporation with more than 100 years of automotive industry experience, is renewing its commitment to our region with a $1.5 billion investment in the Wentzville plant. A historic moment for Missouri!
— Governor Mike Parson (@GovParsonMO) December 14, 2019
General Motors to invest $1.5 billion in Missouri plant!
GM will use the money to upgrade its Wentzville Assembly and Stamping Plant in preparation for the new products. 💲👏🏾 #MadeInAmerica #MAGA https://t.co/YJLTNOwhbc
— TheCyberChick (@warriors_mom) December 13, 2019
— Yahoo Finance (@YahooFinance) December 13, 2019
None of this is happening by accident.
Trump has set the trend by encouraging investment in America.