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GM to invest $174 million in US plant

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GM to invest $174 million in US plant

General Motors’ Grand River assembling facility in Lansing, Michigan, will receive a cash infusion of $174 million in order to build a new stamping line.

The No. 1 US automaker has announced the plan to open the new stamping line in 2016, to manufacture stamping components for the Cadillac ATS and CTS. The luxury unit of the automaker has been enjoying steady growth at home and a huge surge in demand in GM’s biggest single market – China.

“Lansing Grand River Assembly is known for the high quality of its work and the flexible manufacturing that has been a trademark since it opened,” said GM North America Manufacturing Manager Christine Sitek. “The announcement demonstrates GM’s commitment to strengthening key plant capabilities related to quality and efficiency.”

The new stamping production line will bring to the factory around 145 new workers and besides making components for the Cadillacs, the operation could also provide parts for the Chevrolet Camaro muscle car. The sports car is scheduled to shift production from GM’s Oshawa, Ontario, Canada manufacturing facility to the Lansing plant beginning with the 2015 model year. The Grand River factory – together with the newly announced investment – has received since 2009 no less than $530 million, used to mainly advance production of Cadillac models there.

VIa Automotive News

by Aurel Niculescu (my Google+) - Thursday, August 14th, 2014 - filed under General Motors, Industry, News. Image credit: .
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