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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ GM to announce $ 300 million investment in Orion EV / AV facility On Friday, General Motors Co plans to invest $ 300 million in a suburban Detroit plant that builds electric and self-propelled Chevrolet vehicles and the automaker's self-propelled cruise ship, two people familiar with the plans, says:

GM to announce $ 300 million investment in Orion EV / AV facility On Friday, General Motors Co plans to invest $ 300 million in a suburban Detroit plant that builds electric and self-propelled Chevrolet vehicles and the automaker's self-propelled cruise ship, two people familiar with the plans, says:



(Reuters) on Thursday.

The GM logo is seen at the General Motors factory in Sao Jose dos Campos, Brazil on January 22, 2019. REUTERS / Roosevelt Cassio

The largest American automaker is expected to announce its plans to build a new electric compact vehicle for Chevy said the people who asked not to be identified.

GM leaders will also formally join a revised North American free trade agreement known as the USMCA, the sources say.

GM refused to comment.

Business executives are expected to do the case that the new EV ̵

1; originally considered for one of GM's Chinese plants – is being listed in the United States because of the new trade agreement still awaiting US Congress approval.

GM has come under severe attack by President Donald Trump over his decision to end production at his Lordstown, Ohio, assembly plant.

On Thursday, the company said business leaders would join the Orion factory of United Auto Workers Union Vice President Terry Dittes and officials to announce "a major new investment focused on the development of GM future technologies." GM Chief Executive Mary Barra is expected to make the formal announcement that can add hundreds of jobs.

The new Chevy vehicle is based on the same compact architecture as the Chevrolet Bolt EV and Cruise AV assembled in Orion.

The Orion Township factory is slated to begin building a new generation of electric and self-propelled vehicles using GM's dedicated BEV3 architecture, but not before 2023, a third source says.

GM said a year ago that it would invest $ 100 million to upgrade the Orion Township factory prior to commercial production of Cruise AV at the end of 2019.

Rival Ford Motor Co. this week said it planned to expand its Flat Rock plant outside Detroit to add electric vehicle production. Ford's first self-propelled vehicles will be gathered nearby at an unreleased site.

Report by Paul Lienert in Detroit and David Shepardson in Washington; Editing by Dan Grebler

Our Standards: Thomson Reuters Trust Principles.

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