Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Gm Investment topic
No spam. Unsubscribe anytime.
GM signals multibillion-dollar U.S. spending as Trump highlights reshoring
Summary
GM’s CEO Mary Barra said the company will spend more than $16 billion this year on manufacturing and R&D; President Trump cited the company’s multi-year investments and tied them to administration actions encouraging reshoring.
GM Chief Executive Mary Barra opened the event and thanked attendees, highlighting GM’s role in U.S. manufacturing. "We will spend more than $16,000,000,000 this year on manufacturing and research and development," Barra said during her remarks welcoming the president to Milford.
President Trump echoed company investment figures during his address, saying GM and other manufacturers were 'coming back home' and citing a $9,000,000,000 investment figure for the company over two years. Trump framed public policy as a key factor in those decisions, linking tariffs and regulatory changes to companies’ choices to expand U.S. production.
GM’s statement in the event provides a concrete company-provided spending figure; the president’s references to multi-year investment totals and percentage changes in production were presented as assertions in his remarks and not accompanied by independent sourcing in the transcript.
