ARLINGTON - The general manager of General Motors announced plans to pump $331 million into its Arlington plant. The plan also calls for the addition of 110 new employees.
The plant will get new equipment to make several vehicles to include the Chevy Tahoe, Suburbans, GMC Yukon, and Cadillac Escalades.
Officials said this investment will allow the company to build award winning, full size, SUVs. He said the vehicles will offer better fuel efficiency than ever.
The money will be spent on manufacturing machinery, equipment, special tooling and physical expansion of the plant
"This invest represents a lot of confidence of all the people in Arlington, and truly all the people in General Motors," said Larry Zahner,GM manufacturing manager. "This is not our last investment in America. GM is committed to manufacturing jobs and manufacturing in the US."
This is part of the company's larger plan to put $2 billion back into all 17 plants. It will mean 4,000 new jobs nationwide. Currently GM employees 2,400 people in Arlington.
GM makes this announcement after reporting its April sales shot up 26 percent over the same period last year, in large part because of the success of the Volt.
Thanks to taxpayers, GM benefited from a $49.5 billion buyout during the recession. At the time, it closed 12 factories while in bankruptcy.