TheStreet

A week after President Donald Trump called out General Motors (GM - Get Report)  , the company announced that it plans to add 400 jobs and build a new electric vehicle at a factory in Orion Township, Michigan, north of Detroit. 

The announcement was part of a plan to invest $1.8 billion in its U.S. manufacturing operations across six states, adding a total of 700 new jobs. 

GM will build a new Chevrolet electric vehicle in addition to its existing Chevrolet Bolt EV at the new Orion plant. 

"We are excited to bring these jobs and this investment to the U.S.," said GM Chairman and CEO Mary Barra during an announcement at the plant with employees, elected officials and community leaders. "This new Chevrolet electric vehicle is another positive step toward our commitment to an all-electric future. GM will continue to invest in our U.S. operations where we see opportunities for growth."

GM's announcement came days after Ford (F - Get Report) announced that it will expand production capacity for next generation electric vehicles at a second North American plant in southeast Michigan as part of a previously announced $11 billion investment in global electric vehicles.

The Dearborn, Michigan-based company will invest about $900 million of that total in its southeast Michigan operations with a target of creating 900 incremental direct new jobs through 2023.

Trump took to Twitter to criticize GM last week. 

Democrat UAW Local 1112 President David Green ought to get his act together and produce. G.M. let our Country down, but other much better car companies are coming into the U.S. in droves. I want action on Lordstown fast. Stop complaining and get the job done! 3.8% Unemployment!

— Donald J. Trump (@realDonaldTrump) March 17, 2019

Just spoke to Mary Barra, CEO of General Motors about the Lordstown Ohio plant. I am not happy that it is closed when everything else in our Country is BOOMING. I asked her to sell it or do something quickly. She blamed the UAW Union — I don't care, I just want it open!

— Donald J. Trump (@realDonaldTrump) March 17, 2019

Will You Have Enough Money Retire?

Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.