General Motors has today confirmed a long-term plan to invest a further $5.4 billion in the brand’s US factories between now and 2018, representing one arm of a much wider campaign to both secure jobs and modernize its domestic infrastructure. Since facing bankruptcy and being bailed out by the government in 2009, GM has been slowly but surely expanding and upgrading is US-based assembly plants in order to strengthen its position and the largest automaker in the country.
GM is just one of several major auto brands making the most of the current strength of the American car-buying market, which is generating more lucrative profits than has been the case for several years.
No specific breakdown has yet been confirmed as to where and how the funds will be allocated, though GM did say that a total of $783.5 million will be spent on improving three of the brand’s most important Michigan factories.
“The common thread among our investments is the focus on product improvements that benefit customers,” said head of North American manufacturing for GM, Cathy Clegg.
The three plants in Michigan set to be revamped and overhauled over the coming months and years are GM’s Warren, Lansing and Pontiac factories. All such efforts are geared toward job retention and improved output, though GM official stated that the Lansing upgrade in particular would ensure that 1,900 jobs could be made safe indefinitely.Advertisement