/ General Motors, News / GM Invests $1.5 Billion in North America This Year

GM Invests $1.5 Billion in North America This Year

Linked In Share
GM Invests $1.5 Billion in North America This Year

Mark Reuss, president of GM North America, said that the automaker plans to invest $1.5 billion to expand its business in the region.

Reuss said that the company will give more details regarding how the money will be spent and how many new jobs will be created. Analysts expect US consumers to purchase up to 15.5 million new vehicles in the country this year. This means that more production is needed.

Mark Reuss also said that the company expects the day when it will manufacture an EV that would offer 300 miles of range and the utility and comfort of a conventional vehicle. Until then, GM only has the all-new Cadillac ELR, based on the Chevrolet Volt powertrain, and which can travel 35 miles on battery alone before gasoline engine kicks in.

“I believe, and we at GM believe, that the public will accept and embrace electric vehicles,” Reuss said.

UAW President Bob King said that he expects GM to add new jobs in the US ‘very shortly.’ Since its bankruptcy in 2009, GM has added 18,000 hourly jobs in the US, and King said that this number will surpass 20,000 eventually. The automaker will also upgrade 70% of its product portfolio in the US and this summer it will introduce the Chevrolet Silverado and GMC Sierra full-size pickups, an important move in its expansion plan.

by Ana Cezara Savin (my Google+) - Wednesday, January 23rd, 2013 - filed under General Motors, News. Image credit: .
Linked In Share
Related Articles
GM investment north america


Discuss: GM Invests $1.5 Billion in North America This Year

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Maserati Levante mule caught on the streets
Maserati Levante mule caught on the streetsThe Maserati Levante SUV has been finally caught on the streets – cleverly disguised under the body of the Ghibli sedan. That ...
McLaren MP4-12C lives on with DMC’s Velocita Wind Edition
McLaren MP4-12C lives on with DMC’s Velocita Wind EditionThe oddly named MP4-12C signaled the fabled return of the British sports producer and Formula 1 expert to road going supercars. ...
Jaguar XJ spied testing in the UK
Jaguar XJ spied testing in the UKThe British automaker, now owned by India’s Tata Motors, is ready for an agitated end of the year, with the approaching ...
Chengdu Motor Show – Kia reveals K4 sedan
Chengdu Motor Show – Kia reveals K4 sedanChina’s Chengdu Motor Show has been rather full with new announcements of important foreign automakers. It’s true that – ...
Hyundai Transporter van caught testing
Hyundai Transporter van caught testingTogether with the often leaked and spied third generation of the ix35 compact SUV, our spy photographs also caught a new model ...
Buick’s Envision turned into Opel’s Antara
Buick’s Envision turned into Opel’s AntaraThe rendering revolution seems to be all the rage these years, so many of the new auto models get the treatment – with various ...
Hyundai ix35 caught in the Southern Europe
Hyundai ix35 caught in the Southern EuropeHyundai’s compact SUV vehicle has been photographed by our spies yet again, this time wearing a thinner armor of camouflage ...
Jaguar’s Ian Callum has a Mark 2 gem
Jaguar’s Ian Callum has a Mark 2 gemCallum is the British automaker’s design director, so the fact that he purchased a Jaguar Mark 2 and then redesigned it to his ...
US: study points out that car “voice recognition” is a hassle
US: study points out that car “voice recognition” is a hassleA new research coming from the J.D. Power experts has found that a communications “breakdown” is the main problem for many ...
Juncadella in running for Force India seat
Juncadella in running for Force India seatSep.2 (GMM/Inautonews.com) Dani Juncadella has leapt into contention to make his formula one debut in 2015. The 23-year-old, ...
Lotterer could return for Caterham at Monza
Lotterer could return for Caterham at MonzaSep.2 (GMM/Inautonews.com) Mere days before the Italian grand prix, the identity of Caterham's second race driver is still ...
Verstappen admits blame for Rotterdam crash
Verstappen admits blame for Rotterdam crashSep.2 (GMM/Inautonews.com) Max Verstappen has admitted the blame for crashing during his first proper run in a formula one ...
Renault declares Red Bull new ‘works team’
Renault declares Red Bull new ‘works team’Sep.2 (GMM/Inautonews.com) For the first time, Renault has declared Red Bull as its official 'works team'. Recently, amid a Red ...
Teams agree date for first 2015 test
Teams agree date for first 2015 testSep.2 (GMM/Inautonews.com) F1 teams have agreed the likely date for the opening winter test of 2015. Germany's Auto Motor und ...
Drivers defend controversial Parabolica gravel
Drivers defend controversial Parabolica gravelSep.2 (GMM/Inautonews.com) Charlie Whiting has defended the controversial asphalting of Monza's iconic Parabolica ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Spy-Shots of Cars
Spy-Shots of Cars
Spy-Shots of Cars
Spy-Shots of Cars
Jaguar-Mark-2-Ian-Callum
Mopar provides Sportsman racers at the NHRA U.S. Nationals in In
BMW M4 Convertible 001
MIsha_Mercedes_SLS
2015 Chevrolet Tahoe hands-free power lift gate.
2015_buick_envision
VW_Eos_final
2015_toyota_tundra_TRD_pro

More automotive from inautonews
The Maserati Levante SUV has been finally caught on the streets – cleverly disguised under the body of the Ghibli sedan. That means the design is still a matter of speculation, even as all the mechanical parts of the prototype are present. The Italian luxury brand pits the new Levante SUV more ...
read more
Inautonews Editors Section
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...
Test Drive – Mercedes-Benz E250 CDI 4Matic
Test Drive – Mercedes-Benz E250 CDI 4MaticDaimler’s passenger cars division – which consists of the Mercedes-Benz and Smart brands – has vowed to recover the distance from its German ...
Top 10 Ferrari F1 drivers No.2 Alberto Ascari
Top 10 Ferrari F1 drivers No.2 Alberto AscariLike his father he was so fast, sometimes perhaps too fast. In pure natural speed and car control no driver could hold a candle to Alberto Ascari in ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Suzuki Kizashi for spider problemsSuzuki has announced a recall for the Kizashi models because of spider problems which seem to love ... Australian recall roundup: Jeep Grand Cherokee for rear blinkers issueThe North American based automaker Jeep has recently announced a recall for several Grand Cherokee ...
Safety Section