General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday.
The largest U.S. automaker is making the decision for business and not political reasons, said the person, who asked not to be identified.
The investment will help GM create or retain more than 1,000 jobs, while the automaker also plans to tout other efforts to boost U.S. employment, including adding engineers, the person added.
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GM General Counsel Craig Glidden told the Wall Street Journal, which reported the company’s plans earlier on Monday, that any investment the company might disclose had been long planned and was not a response to Trump’s criticism.
GM declined comment on the investment to Reuters.
Since the beginning of this year, GM has come under heavy criticism from Trump for building vehicles in Mexico, as have other automakers. On Jan. 3, Trump threatened to impose a “big border tax” on GM for making some of its Chevrolet Cruze compact cars in Mexico.