DETROIT-General Motors, which announced lastmonth that it would spend $11 billion in China in the next threeyears, says it will spend $16 billion in the US on its factoriesand company facilities here through 2016.
The automaker, which has 31 facilities in the US, including 12assembly plants, has invested $8.5 billion in the U.S. sinceemerging from bankruptcy, including efforts to prepare forproduction for more fuel-efficient engines and vehicles, accordingto Bloomberg News.
:The $11 billion in capital that will be spent in China by 2016is coming out of our joint ventures rather than Detroit and is farless than the approximately $16 billion in capital GM will investin the U.S. over that time,” Selim Bingol, GM vicepresident of public policy, stated in a letter published in theWall Street Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
