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Gm is investing $200m in a new stamping plant in Texas

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According to WardsAuto, gm said it would invest $200 million to build a new automotive stamping plant at its Arlington, Texas, assembly plant to prepare it for the next generation of large off-road vehicles.



The newly invested stamping parts plant is expected to be put into operation in 2013. Earlier, gm announced a $331 million investment in tooling and equipment for a new generation of off-road vehicles at its Arlington plant.



After gm's bankruptcy in 2009, productivity at its janesville, wis., plant fell sharply. After being left idle by gm, the Arlington plant took its place. Until recently, the Arlington plant was the only gm plant to make large off-road vehicles, including the Chevrolet Tahoe and GMC Yukon.



Gm says its new stamping plant in Arlington will save $40 million a year in logistics costs because large parts are typically shipped from 1, 600 kilometers away.



Gm's new stamping plant will create 180 jobs and bring 300 new jobs to the city of Arlington. That's as gm confirmed last year that it will continue to build new suvs in Arlington.



Joe Ashton, vice President of the general motors division of the united auto workers, said gm's announcement of the new plant was proof that the American auto industry was growing again.



Reports from Texas show that in exchange for the Arlington plant, gm received a tax break of $1.2 million a year for the next 10 years.



Gm's stamping plant, which used to make big suvs, will continue to be used, but with a different job. The installation of equipment and the construction of the main Arlington plant are already under way.



Earlier, gm said it would revamp three assembly plants for large suvs and pickup trucks this year to prepare for the launch of a new generation of models.



Although light truck sales have fallen in recent years, big pickups and suvs are profitable for gm. Gm sold 779,230 light trucks last year, according to WardsAuto.



Since its bankruptcy in 2009, gm has invested $6.9 billion in its operations in 12 states, creating and preserving 17,600 jobs.


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