GM spending $760M to convert Toledo factory to make EV parts

URLhttps://apnews.com/article/technology-ohio-toledo-
SourceAP News
Date Published09/23/2022
Author NameTom Krisher
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name General Motors
Parent companyGeneral Motors Co.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):760
City reshored to:Toledo
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredelectric vehicles
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Proximity to customers/market, Under-utilized capacity
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