General Motors announcement in the GM Orion Assembly Plant. Photo: Bill Pugliano/Getty Images

Mere days after President Trump's biting tweets about the closure of an Ohio General Motors factory, the auto company announced $300 million plans to add 400 jobs and manufacture a new electric vehicle at its Detroit-area plant, AP reports.

The backdrop: Last weekend Trump demanded that GM reopen or sell the plant, chastising the local union leader and expressing dissatisfaction with CEO Mary Barra. GM spokesman Dan Flores denies the growth announcements were in response to the president's tweets, adding the investments had been weeks in the making, per the AP.

Details: A battery-powered Chevrolet Bolt will be produced at the company's Orion Township plant, though GM has not yet revealed when production or sales will commence. Questions also remain around the schedule for hiring and whether the new workers will be among those who were laid-off at 4 U.S. factories that closed in January. GM announced on Friday an additional $1.4 billion investment in U.S. factories, with a potential 300 more hires, but did not provide any further details, according to AP.

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Stocks close down more than 3%

Photo: Alexi Rosenfeld via Getty Images

Stocks took a hit on Wednesday, with the S&P 500, Dow Jones Industrials Average and Nasdaq dropping more than 3% across the board.

Why it matters: The volatility is a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package.

Zeta, now a Category 2 Hurricane, closes in on Louisiana coast

The probable path of Zeta, per the National Hurricane Center. Photo: NHC/NOAA

Zeta strengthened on Wednesday afternoon, on track to make landfall along the southeastern coast of Louisiana by the afternoon as a "significant" Category 2 hurricane, per the National Hurricane Center.

The state of play: Zeta is producing 100-mph maximum sustained winds and stronger gusts. The storm is gaining strength as it heads northeastward at 20 mph. Louisiana Gov. John Bel Edwards (D) requested a pre-landfall Emergency Declaration in a letter to President Trump on Tuesday.