General Motors announced on Tuesday it is ready to boost the investments into its Tennessee assembly plant by $167 million for the production of two new future vehicles.
The automaker said it originally planned to invest in the plant $183 million, and the new investment will come on top of that. Currently the Spring Hill, Tennessee plant builds the Chevrolet Equinox SUV, but GM said it would add two future mid-sized vehicles it did not identify yet.
Between 1990 and 2007 the assembly unit was home to GM’s former Saturn brand, but ceased vehicle assembly operations in late 2009, with only powertrain work continuing at the site, until GM restarted assembly there with the Equinox in the third quarter of 2012.
GM announced the investment of $183 million for a future mid-sized vehicle in November 2011, building at the plant a new flexible production line. Now, Tuesday’s announcement adds $40 million to that plan, and another $127 million for a second mid-sized vehicle GM had not previously announced. While it did not mention when the new vehicles would be introduced, it said that he new investments would create or retain 1,800 jobs – the Tennessee plant employs about 2,000 people at the moment.