General Motors announces $491 million investment in Indiana facility as part of electric vehicle efforts
General Motors Corporation (GM) on Thursday announced an investment of nearly $500 million in the Marion Metal Center to help equip a metal stamping plant in Indiana to make parts for electric vehicles and other future products.
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GM said in a press release that the automaker’s investment, totaling $491 million, will go toward renovating the Marion Metal Center and building nearly 6,000 square feet. It will also finance the purchase and installation of a pair of new press lines and the completion of press and mold upgrades.
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“While this investment is the facility for our all-electric future, it is truly an investment in the talented Marion team and will keep the plant operating for many years to come,” said Gerald Johnson, executive vice president of manufacturing and global sustainability at GM. in the current situation.
As part of the manufacturing process for the Chevrolet, Buick, GMC and Cadillac car brands, the Marion facility makes sheet metal parts for other GM assembly plants, according to the release.
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Ray Carey, president of the UAW and director of GM and gaming divisions, said in a statement.
The upcoming work at the plant, which is set to begin later in the year, comes after GM said in June 2021 that it would invest more than $35 billion through 2025 as part of its growth strategy, including expanding its portfolio of electric vehicles and building more of domestic cars. battery factories. The company recently announced that it would secure enough battery raw materials to achieve 1 million electric vehicles annually in North America by 2025.
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