General Motors is investing about $4 billion in U.S. manufacturing to expand production of internal combustion engine vehicles amid slower-than-expected electric vehicle sales.
On June 10, the Detroit automaker announced plans to expand finished vehicle production at facilities in Michigan, Kansas, and Tennessee. In a statement, GM said those upgrades will allow those three production facilities to increase their combined output by about 2 million vehicles annually.
“Today’s announcement demonstrates our ongoing commitment to build vehicles in the U.S and to support American jobs,” CEO Mary Barra said in a statement.
The spending plan is the second time in less than a month that GM has announced a significant capital expenditure on gas-powered vehicle production. On May 27, the company said it would spend $888 million on upgrades to support production of engines for its full-size trucks and SUVs….