GM to invest $500 million at plant that makes large SUVs in Arlington

  • 📰 SpectrumNews1TX
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

General Motors said Thursday that it will sink more than $500 million into its Arlington, Texas, assembly plant to get ready for the next generation of big SUVs with internal-combustion engines.

DETROIT —

The company said the plant will get new equipment for metal stamping, the body shop and general assembly. No new jobs will be created by the investment at the plant, but GM said it expects to keep the current workforce of over 5,200 people. They make the Cadillac Escalade, GMC Yukon and Chevrolet Tahoe and Suburban.

GM wouldn't say when the next generation of the SUVs will go on sale. The company said the investment is contingent on reaching incentive agreements with local governments., but it also plans to keep making internal combustion vehicles as long as they're selling. at two plants in Flint, Michigan, which make GM's heavy duty pickup trucks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 333. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM Arlington assembly worker on $500 million investment announcement: ‘The future looks bright'General Motors Co. is solidifying its commitment to North Texas, announcing a $500 million investment in Arlington’s assembly plant.
Source: NBCDFW - 🏆 288. / 63 Read more »