GM Invests $1.4 Billion to Improve Full-Size SUV Plant in TexasDavid Welch
General Motors Co. will invest $1.4 billion in its Arlington, Texas, assembly plant to improve the facility where it makes full-size sport utility vehicles.
GM will put in a new paint shop and body shop and upgrade the assembly area, the Detroit-based company said in a statement. The Arlington crew has been working overtime to produce enough Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon and Cadillac Escalade SUVs.
The investment is part of GM’s $5.4 billion capital budget for its U.S. assembly plants. Since emerging from bankruptcy in 2009, GM has put $17.8 billion into its American plants.
The nation’s largest automaker also has been spending abroad. A GM joint venture in China said in April that it plans to spend $16 billion by 2020 to expand in that market, and GM in March said it will put $5 billion into plants in Mexico.
GM’s full-sized SUVs are among the most-profitable models made by the company, which said that with the spending announced today it has invested $2 billion at the Arlington site since 2011.