The big three American automakers are creating thousands of jobs and dumping buckets of money into their factories in order to meet Obama'a 2016 fuel-efficiency requirements.
Late last month TreeHugger reported that Ford was investing $850 million in their Michigan plants, and then last week they broke the news that both GM and Chrysler were following suit.
GM announced that it plans to invest $190 million in its Lansing Grand River plant. This will add 600 jobs to the plant's work force of 1,100. The company also said that it would add a new small car to its Cadillac lineup, though that car remains unnamed for now.
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The Chrysler Group said it would invest $600 million in a manufacturing plant geared for small cars. "[It will] upgrade its Belvidere, Ill., assembly plant to build new cars starting in 2012. Chrysler didn't say which cars will be built there, but at least one of them will likely be a small car to replace the Dodge Caliber, which is currently built at the site. The investment won't create new jobs, but the company will retain the 2,349 jobs currently at the assembly plant and a nearby parts stamping plant."
Should the automakers be investing such huge chunks of money to produce fleets that average a meager 35.5 mpg, or should we be focusing all that money on more awesome technology like flying cars?
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