General Motors says to invest additional $1 billion in US
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.
ALSO READ: General Motors to shut five US plants temporarily in January
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.
ALSO READ: GM signals no change of plans despite Trump criticisms
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:10 PM IST