GM To Spend $20 Million More On Equipment Upgrade At Arlington Plant
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General Motors Co said on Tuesday it would invest an additional $20 million to upgrade equipment at the automaker’s Arlington Assembly plant in Texas, ahead of the launch of full-size sports utility vehicles (SUVs).
The investment will not add to the plant’s production capacity, a GM spokesman said. The No.1 U.S. automaker has not revealed when the company is going to launch its next-generation full-size SUVs such as the Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon, GMC Yukon XL and the Cadillac Escalade.
GM has long been dominated the U.S. full-size SUV segment, which fetches higher margins, but rival Ford Motor Co has been pushing to capture market share. Fiat Chrysler Automobiles NV said earlier this year it would start building a full-size Jeep SUV in late 2020.The latest equipment upgrade at Arlington plant is expected to be ready next year, the company said.
GM has invested more than $1.4 billion in the Arlington Assembly plant since 2015.
Questions & Answers
Q.What is the total investment GM has made in the Arlington plant since 2015?
What is the total investment GM has made in the Arlington plant since 2015?
GM has invested more than $1.4 billion in the Arlington Assembly plant since 2015, including the latest $20 million for equipment upgrades.
Q.What type of vehicles will the Arlington plant produce after this upgrade?
What type of vehicles will the Arlington plant produce after this upgrade?
The Arlington plant manufactures full-size sports utility vehicles (SUVs), including the Chevrolet Tahoe, GMC Yukon, and Cadillac Escalade.
Q.Will this additional investment increase the production capacity of the plant?
Will this additional investment increase the production capacity of the plant?
A GM spokesman confirmed that the $20 million investment for equipment upgrades will not increase the plant's overall production capacity.
Q.When is the new equipment at the Arlington plant expected to be ready?
When is the new equipment at the Arlington plant expected to be ready?
The latest equipment upgrade at the Arlington plant is expected to be ready for use sometime next year, according to the company.
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