Tuesday, May 31, 2011

GM to invest $331 million in Texas SUV plant

DETROIT (Reuters) -- General Motors Co. plans to invest $331 million and add 110 jobs at its Arlington, Texas, plant, where it makes the Chevrolet Tahoe, Suburban, GMC Yukon and Cadillac Escalade SUVs.

The new jobs will be added to an existing workforce of 2,400 hourly and salaried employees at the plant, the automaker said today.

The investment, part of GM's previously announced plan to invest $2 billion in 17 U.S. plants, is primarily for manufacturing machinery, equipment, special tooling and an expansion of the current facility.

Among the investments GM has already announced are $109 million at two Michigan plants in Flint and Bay City, $69 million at its Detroit-Hamtramck assembly plant and $131 million at a Kentucky plant to build a new version of the Corvette sports car.