General Motors will start construction on a new $200 million stamping facility tha twill produce large stamping components for the next generation of full-size Chevrolet Tahoes, Suburbans, GMC Yukons and Cadillac Escalades. Construction of the new facility, which is part of the company’s Arlington manufacturing complex, is set to begin the first week in February and will create approximately 180 jobs.
"Our investment in GM's Arlington plant is one more example of GM strengthening the economy and creating jobs throughout the many U.S. communities where GM does business," said GM Manufacturing Manager Larry Zahner.
Currently, Arlington receives stamped components from several GM plants, with some parts coming from more than 1,000 miles away. The new facility, which comes on line in 2013, will save about $40 million a year in logistics cost. The new facility is in addition to a $331 million investment to purchase tooling and equipment and expand the Arlington Assembly Plant that was announced along with 110 additional jobs in May 2011.
“Today’s announcement is further evidence that the U.S. auto industry is back. An important goal for the UAW is to increase the number of manufacturing jobs in the United States, and we are pleased that General Motors has decided to make this investment in Arlington,” said Joe Ashton, vice president of the UAW representing the GM department. “We look forward to more good news in 2012 as our workers continue to build the world’s best vehicles.”
This latest announcement is the first manufacturing investment by GM in 2012. Since June 2009, the automaker has announced more than $6.9 billion of investment to upgrade or expand operations in 12 states, creating or retaining more than 17,600 jobs.