Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
General Motors is reportedly set to make an announcement, and it is about a major investment and incentive package that the state board is expected to approve next week. The investments worth around $6.5 billion are for projects related to the production of electric vehicles.
GM is planning to spend the funds for two plants in Michigan, and this will also create 4,000 new jobs for the locals. It was said that the state's economic development board should release the approval for an incentive package by Tuesday this week, as per Fox Business.
It was previously reported General Motors is planning to sign a joint venture to put up an electric vehicle battery plant in Lansing, Michigan, and the budget is said to be $2.5 billion. For this plant, the automaker is expecting to add at least 1,700 new workers.
At any rate, the company will also be spending $4 billion for turning its factory in Orion Township into its third electric vehicle plant. This project is expected to create up to 2,300 new jobs. GM also has plans for transitioning its factories in Spring Hill, Tennessee, and Detroit-Hamtramck.
The carmaker's EV battery plant is set to be built at its Lansing Delta Township Assembly factory site, where it manufactures Chevrolet Traverse and Buick Enclave sports utility vehicles.
Meanwhile, aside from this investment in Michigan, General Motors is set to spend another $154 million to upgrade its aging plant in Western New York. It will be revamped and will be the site for the production of key components for electric vehicle motors.
"GM's investment in Lockport Components reaffirms our commitment to manufacturing in Western New York and our confidence in this team," GM executive vice president of global manufacturing and sustainability, Gerald Johnson, said in a press release. "They will build a crucial module in our electric motor assembly for our future electric trucks and SUVs. This is an excellent example of how we are bringing our workforce along on the journey to an all-electric future while we scale our EV production capacity and maintain a flow of parts for our current vehicles."
