General Motors is investing $500 million in its Arlington, Texas plant to construct the next-generation of its full-size sport-utility automobiles — powered by inside combustion engines.
The plant builds the breadth of the corporate’s massive utes, together with the Cadillac Escalade, GMC Yukon and Chevrolet Suburban. Through this funding, Arlington Assembly will obtain new tooling and gear in its stamping, physique store and basic meeting areas, the corporate famous.
“Today we are announcing plans for a significant investment in Arlington to strengthen our industry-leading full-size SUV business,” mentioned Gerald Johnson, govt vice chairman, Global Manufacturing and Sustainability.
“Preparing the plant to produce future ICE full-size SUVs reflects our commitment to our valued customers and the efforts of the dedicated Arlington Assembly employees, who have been breaking production records this year.”
GM officers famous Thursday’s announcement means it’s made $31 billion in commitments to its U.S. manufacturing and components distribution amenities — together with $2 billion at Arlington — since 2013.
Big investments in ICE
The transfer marks the second massive funding the corporate’s made in internal-combustion engine-powered automobiles. The firm revealed Monday two Michigan vegetation will obtain a mixed funding of greater than $1 billion, General Motors mentioned, because it prepares to roll out its next-generation heavy-duty pickups.
Demand has been surging for pickups, on the whole, although GM’s HD fashions alone scored a 38% bounce in demand final yr. Heavy-duty vehicles are among the many trade’s most worthwhile product traces. Additionally, Ford is readying to unleash its subsequent sequence of Super Duty pickups for the 2024 mannequin yr.
The venture will profit two totally different GM fashions: the heavy-duty variations of the Chevrolet Silverado and the GMC Sierra.
Though the automaker didn’t present specifics, trade sources, together with suppliers engaged on these packages, have indicated that the brand new vehicles will debut subsequent yr as 2025 fashions.
To assist the launches, GM will make investments $788 million in its Flint Assembly plant. Another $233 million might be spent to improve the Flint Metal Center, which is able to provide key structural elements for the HD vehicles.
GM has just lately invested greater than $1.7 billion to improve vegetation within the Flint space — the place the automaker was based greater than a century in the past. That contains $579 million for the Flint Engine Operations that can present a number of the V-8 engines for use in varied variations of the Chevy Silverado and GMC Sierra.
Source: www.thedetroitbureau.com