GM announces $5.4 billion investment in U.S. plants

DETROIT

General Motors announced today 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 Thursday 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, Mich.

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.

GM will detail the remaining $4.6 billion and identify plants involved over the next several months.

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.

In 2014, the company announced a $50 million investment in the Lordstown plant to build the next generation Chevrolet Cruze.

Overall, the company has invested $600 million to build the its best-selling car at the Lordstown plant where 1.25 million Cruzes have been built since 2010.