General Motors Earmarks $5.4 Billion For U.S. Plant Investments

Yesterday, we received news of General Motors planning a major investment for the Lansing Delta facility, but it looks like GM’s latest investment is betting big on U.S. manufacturing as a whole.

GM announced it will invest $5.4 billion for its U.S. plants. That’s billion with a B. In other words, the investment comes down to $5 million a day, or $150 million every month for the next three years.

“These investments are evidence of a company on the move, strategically investing in the people, tools and equipment to produce cars, trucks and crossovers that are built to win in the marketplace, with stunning design, quality and breakthrough technologies,” GM North America President Alan Batey said at the Pontiac Metal Center, where $124 million will be invested.

The investment will be divided up over the next three years, and $783.5 million of the investment will be sunk into three Michigan facilities: Pontiac, Lansing and Warren. Two other investments detailed today are $520 million for tooling and equipment for future new vehicle programs at the Lansing Grand River plant (2016 Camaro, cough, cough) which will retail 1,900 manufacturing jobs, and a new body shop and stamping facility upgrades at Pre-Production Operations in Warren.

“The common thread among our investments is the focus on product improvements that benefit customers,” said Cathy Clegg, vice president of GM North America Manufacturing. “Together with our UAW partners, we’re working hard to exceed consumers’ ever-increasing quality expectations.”

General Motors said it will detail which plants the remaining $4.6 billion will be allocated in the following months.

Since 2009, GM has announced U.S. facility investment sums totaling $16.8 billion with 3,650 new jobs created and 20,700 positions retained over turbulent economic times. Maybe General Motors won’t be the biggest, but it’s ready to build world-class product here in the US of A again.