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Posts Tagged ‘GM $5.4 billion investment’

GM Hints of Switch to Aluminum Bodies

Nearly $800M investment focuses on work with aluminum and steel.

by on May.01, 2015

GM invested nearly $800 million in three Michigan facilities, in part, to allow them to use more aluminum in production.

General Motors has dropped a big hint about its future vehicle plans this week – and that could mean a major shift from classic steel to aluminum bodies in the coming years.

The move would follow the lead set by rivals such as Ford Motor Co. – which launched an all-new, “aluminum-intensive” version of its F-150 for 2015 – Audi and Jaguar, the latter two adopting the lightweight material for a number of new luxury models. So-called “lightweighting” has become a critical goal for the auto industry as it struggles to meet tough new emissions and fuel economy standards.

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A possible switch to aluminum by GM was hinted at during a news conference revealing the maker’s plan to invest $5.4 billion in new plants and equipment. That includes a revamp of the prototype plant in Warren, Michigan where GM builds the first iteration of new vehicles under development before they are transferred to the assembly plant where the finished product is assembled. (more…)

GM Dropping $5.4 Billion in Plants in Next Three Years

Automaker kicks off plan with $800M in three Michigan facilities.

by on Apr.30, 2015

GM's Alan Batey announced the maker will invest $5.4 billion in plants over the next three years, including $783.5 million for three Michigan facilities.

With its Pontiac Metal Center as the backdrop, General Motors officials announced plans to invest $5.4 billion into its facilities around the world during the next three years.

The maker is starting with $783.5 million at three plants in Michigan, beginning with $124 million for the aforementioned metal center in Pontiac, Michigan, which pre-tests all major body panel dies under regular production conditions. The process allows stamping plants to produce production-ready parts more quickly.

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Additionally, the company is investing $520 million in tooling and equipment for future programs at its Lansing (Michigan) Delta Township plant. The move keeps 1,900 jobs at the site. GM is investing $139.5 million in a new body shop and for stamping facility upgrades at its Warren, Michigan-based Pre-Production Operations center. (more…)