Tags: general motors | gm | invest | plants

GM to Invest $5.4 Billion in US Plants to Build New Models

Thursday, 30 Apr 2015 06:32 AM

General Motors Co. said it will spend $5.4 billion on its U.S. plants during the next three years as the automaker prepares to build a series of new models.

The investment includes $520 million for tooling and equipment at a plant near Lansing, Michigan, that makes sport utility vehicles, $139.5 million for a new body shop and improved stamping facilities in Warren, Michigan, and $124 million at a Pontiac, Michigan, center that makes steel body panels, GM said in a statement Thursday.

Details on the remaining $4.6 billion will be provided “over the next several months,” the company said.

Thursday’s announcement brings to $16.8 billion the investments by GM in its U.S. facilities since exiting a government-assisted bankruptcy in June 2009, according to the statement.

The largest U.S. automaker also has been investing outside the U.S., with a joint venture in China saying last week that it plans to spend $16 billion by 2020 to expand in that market and a March statement by GM that it will put $5 billion into plants in Mexico.

The U.S. investment comes as the Detroit-based company and the United Auto Workers union prepare to begin talks to replace a contract that expires in September.

Cathy Clegg, GM’s vice president for North American manufacturing, said in the statement that “together with our UAW partners, we’re working hard to exceed consumers’ ever-increasing quality expectations.”


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General Motors Co. said it will spend $5.4 billion on its U.S. plants during the next three years as the automaker prepares to build a series of new models.
general motors, gm, invest, plants
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2015-32-30
Thursday, 30 Apr 2015 06:32 AM
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