GM to Invest $500 Million at SUV Plant in Texas

GM to Make investments $500 Million at SUV Plant in Texas

Matt Rourke/Related Press

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DETROIT — Basic Motors stated June 7 that it’ll sink greater than $500 million into its Arlington, Texas, meeting plant to prepare for the subsequent era of huge SUVs with inner combustion engines.

The corporate stated the plant will get new tools for metallic stamping, the physique store and common meeting.

No new jobs will probably be created by the funding on the plant, however GM stated it expects to maintain the present workforce of over 5,200 individuals. They make the Cadillac Escalade, GMC Yukon and Chevrolet Tahoe and Suburban.

GM wouldn’t say when the subsequent era of the SUVs will go on sale. The corporate stated the funding is contingent on reaching incentive agreements with native governments.

The corporate has pledged to promote solely electrical passenger autos by 2035, but it surely additionally plans to maintain making inner combustion autos so long as they’re promoting.

Earlier this week the corporate stated it might make investments practically $1 billion at two crops in Flint, Mich., which make GM’s heavy-duty pickup vehicles.

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