GM will invest $ 16 billion into the U.S.

General Motors Co Leader., Automobile manufacturing conglomerate largest U.S. has announced major investment plans. Accordingly, it is expected between now and 2016, GM will invest up to $ 16 billion in its manufacturing plants in the United States.
 
Mr Selim Bingol, vice president of GM in charge of public relations, said: "Last month in Shanghai (China), GM has announced plans between now and 2016 will invest $ 11 billion into the venture at China. And paragraph 16 billion just invested in the Group's facilities in the United States. "
According to Greg Martin, a spokesman for GM, GM currently has a total of 31 production facilities in the U.S., including 12 automotive assembly plants. Meanwhile, GM now has 17 automotive assembly plants in China and want to increase the number of 30 in 2016.
Alan Baum, an analyst with the firm Baum & Associates in West Bloomfield, Michigan (USA) said that although the number of vehicles sold in the U.S. market less, but are more profitable than the domestic market outside, including China. Specifically, I/2013 quarter, GM's profit before tax reached 1.41 billion U.S. dollars (down from $ 1.64 billion of the first quarter of 2012), but much higher than the profit GM's tax in the foreign market is U.S. $ 495 million (compared to the first quarter of 2012 also decreased - 521 million USD).
"This is the main reason why GM will invest greater priority to the production facilities in the U.S.," said Alan Baum said.
At the close of the session on 3/5 at the New York Stock Exchange, GM's stock price stood at $ 32.10 / share, up 11% from a year earlier and the highest level for almost 2 years now.