GM investing in next-gen SUVs

 

General Motors announced today that it plans to invest $500M in a plant in Texas to produce next-generation SUVs.  The investment will pay for new tooling and equipment in Arlington Assembly's stamping, body shop, and general assembly area. The advancements are being made to help GM produce the next lines of the gas- and diesel-powered Cadillac Escalade, Chevrolet Tahoe/Suburban, and GMC Yukon/Yukon XL SUVs. This investment shows that GM will continue to spend money on traditional automaking in order to fuel the funding for its electric vehicle business. On Monday, GM announced investments in plants in Michigan to help fund the next generation of heavy-duty pickups. The large SUVs are in high demand — sales of the full-size SUVs totaled more than 279,000 vehicles last year.