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

By AP News

In this article

  • Loading...
  • Want to see what you should be buying? Check out our top picks.

General Motors says 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

General Motors Factory Investment

DETROIT (AP) — 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.

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.

The company has pledged to sell only electric passenger vehicles by 2035, but it also plans to keep making internal combustion vehicles as long as they're selling.

Earlier this week the company said it would invest nearly $1 billion at two plants in Flint, Michigan, which make GM's heavy duty pickup trucks.

Explore more on these topics:

Share:

IMPORTANT NOTICE AND DISCLAIMER

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for Investing Intel Newsletter