General Motors announced it will invest $5.4 billion in U.S plant improvements during the next three years, including details of $783.5 million for three Michigan facilities. Two other investments detailed are $520 million for tooling and equipment for future new vehicle programs at the Lansing Delta Township assembly plant, retaining 1,900 jobs, and $139.5 million for a new body shop and stamping facility upgrades at Pre-Production Operations in Warren.
The $5.4-billion new investment translates to GM investing in U.S. operations about $5 million a day or $150 million every month for the next three years. Since June 2009, GM has announced U.S. facility investment of approximately $16.8 billion. About $11.4 billion of that has come since the 2011 UAW-GM National Agreement. In total, these investments have created 3,650 new jobs and secured the positions of approximately 20,700 others. “These investments are evidence of a company on the move, strategically investing in the people, tools and equipment to produce cars, trucks and crossovers that are built to win in the marketplace, with stunning design, quality and breakthrough technologies,” GM North America President Alan Batey said at the Pontiac Metal Center, where $124 million will be invested.
