May 01, 2015

GM announces US$ 5.4-billion in US plant investments

General Motors (GM) announced that it will invest US$ 5.4-billion in US plant improvements during the next three years, including details of US$ 783.5-million for three Michigan facilities.

"These investments are evidence of a company on the move, strategically investing in the people,
tools and equipment to produce cars, trucks and crossovers that are built to win in the marketplace, with stunning design, quality and breakthrough technologies," said GM North America President Alan Batey at the Pontiac Metal Center, where US$ 124-million will be invested.

Two other investments detailed are US$ 520-million for tooling and equipment for future new vehicle programs at the Lansing Delta Township assembly plant,retaining 1,900 jobs, and US$ 139.5-million for a new body shop and stamping facility upgrades at pre-production operations in Warren.

"The common thread amongour investments is the focus on product improvements that benefit customers," said Cathy Clegg, VP, GM North America Manufacturing. "Together with our UAW partners, we're working hard to exceed consumers' ever-increasing quality expectations."

The US$ 5.4-billion new investment translates to GM investing in US operations about US$ 5-million a day or US$ 150-million every month for the next three years.


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