GM to invest $300 million in electric vehicles, add 400 jobs

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GM to invest $300 million in electric vehicles, add 400 jobs
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GM is making a $300 million investment at its Orion Assembly Plant in Michigan and adding 400 jobs to build a new electric vehicle, the automaker says.

General Motors is making a $300 million investment at its Orion Assembly Plant and adding 400 jobs to build a new electric vehicle, the automaker said Friday.

“It makes sense because the Chevrolet Bolt EV is built at Orion and this is a great workforce,” GM CEO Mary Barra told CNBC. “So there is capacity here to be able to do that and there are synergies as well.” GM had originally intended to build the new vehicle outside the U.S. The automaker said it moved production back because the new vehicle will be based on the an advanced version of the platform used in the current Chevrolet Bolt electric vehicle, which the Orion plant currently builds.

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