Search
 

General Motors Investing $545M-Plus in MI-Based Plants

PONTIAC, MI-Auto maker General Motors Corp. is pledging to pour millions into the state. While the investment will positively affect five of the company's Michigan-based plants, the news may be dwarfed by the company's ongoing plans to close nine facilities.

By Dana Dubriwny | Updated on February 14, 2006

(To read more on the industrial market, click here.)

PONTIAC, MI-Auto giant General Motors Corp. is investing more than $545 million in five of its key Michigan-based manufacturing plants, company execs announced Tuesday. Specifically, GM will spend $163 million to retool its Pontiac truck plant; $152 million for its Ypsilanti Transmission plant to increase production capacity of GM’s new rear-wheel drive six-speed transmission; $138 million for its Lansing Grand River assembly plant to expand the body shop by more than 120,000 sf for future vehicle production; $60 million for the Romulus Engine plant for various future engine upgrades; and $32 million in its Pontiac metal stamping plant for sheet hydroforming equipment.

“GM’s investments demonstrate our commitment to continuously improve our products,” Joe Spielman, vice president and general manager of GM North America Manufacturing, said in a statement. “They also show our dedication to strengthening our Michigan manufacturing operations.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.