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U.S. President Joe Biden on Tuesday lauded General Motors Co’s (NYSE: GM) latest $7 billion electric vehicle investment in Michigan while giving himself credit for putting in place the “economic strategy” that is at the centre of the change. What Happened: Biden said the Detroit, Michigan-based legacy automaker’s mega investment that would create 4,000 jobs is the latest sign that his strategy is helping “power an historic American manufacturing comeback.
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