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General Motors says to invest additional $1 billion in US
Written By Reuters
Published: | Updated:
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The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan. Image Source: Reuters
General Motors Co said on Tuesday it would invest an additional $1 billion (nearly Rs 6,652.8 crore) in its US factories, moving some production from Mexico.
The investments are in addition to the $2.9 billion (nearly Rs 19,292.97 crore) the automaker announced last year, General Motors (GM) said.
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GM and other automakers have been criticised by US President-elect Donald Trump for building vehicles in Mexico that are imported into the United States (US).
On January 3 Trump threatened to impose a "big border tax" on GM for making some of its Chevrolet Cruze compacts in Mexico.
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