“Focusing too much on China,” they said. “General Tso’s Motors,” they said. The fact that General Motors will front $16 billion in United States-based facility investments by 2016 is something “they” never mentioned.
That’s right, The General will spend $16 billion in the next three years alone, all in America. In a Bloomberg report, GM disclosed the U.S. investment figure after announcing the $11 billion investment for its joint ventures in China last month in Shanghai — the money for which will not come out of Detroit.
Considering that 90 percent of the company’s entire U.S. vehicle lineup is set to be either refreshed or replaced by 2016, the $16 billion investment figure appears to be appropriate.