General Motors has just added to a string of new investments in the U.S. by announcing plans to start construction next week on a $200 million stamping facility next to the company’s assembly plant in Arlington, Texas between Dallas and Fort Worth.
GM and the United Auto Workers Union said the move will create approximately 180 new jobs – that announcement following word this week that manufacturers including Chrysler, Honda and Volkswagen will be adding nearly 2,000 jobs of their own (For that story, Click Here.).
The new GM stamping plant will produce major components for the next generation of full-size Chevrolet Tahoes, Suburbans, GMC Yukons and Cadillac Escalades. GM did not provide a target date for completion of the plant but it appears the maker hopes to have the building complete and the presses installed by the end of next year, meaning the updated versions of the Suburban and Escalade could appear in 2014.