GM To Front $200 Million For New Stamping Facility In Arlington, TX
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With construction starting next week, General Motors will spend $200 million on a brand-new stamping facility in Arlington, Texas as a part of the company’s manufacturing complex, where GM’s full-sized SUVs are built. The new stamping facility will generate 180 jobs on its own, and will save GM around $40 million a year in logistics costs alone. This means that the stamping plant will pay for itself in a mere five years. The facility will go online in 2013, and is additional to the $331 million in retooling announced back in May 2011 for the Arlington manufacturing complex.
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