General Motors Invest Big In Kansas City Plant

General Motors Invest Big In Kansas City Plant

General Motors Invest Big In Kansas City Plant

General Motors announced this Monday that it will invest $600 million in the Kansas City plant.

This is part of General Motors’ plan to invest $1.5 billion in North American factories this year. GM invests close to $8 billion every year in their operations worldwide.

General Motors Chief Executive Dan Akerson said while addressing employees and Kansas City officials that even though the last years have been tough, General Motors is doing better and things should keep improving.

He also added in a very optimistic note that “GM is back” and while it isn't clear if the plant in Kansas will be producing a new type of car he said that “I don't think we'd be investing this kind of money just to stand at the status quo.”

Upgrades to the plant include a giant 450,000 square foot paint shop and a new stamping press. This is by far the biggest investment GM has made in a single plant since it filed for bankruptcy back in 2009.

The upgrades will also be far more effective as the new paint shop should consume 50% less energy and water while producing less waste.

General Motors, who has invested close to ten billion dollars in its North American operations since 2009, said that close to 70 percent of the vehicles sold in the American market should be replaced by the end of 2013.

Posted by on Tuesday January 29 2013, 6:20 AM EDT. Ref: Reuters. Link. All trademarks acknowledged. Filed under Business, Featured News. Comments and Trackbacks closed. Follow responses: RSS 2.0

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