General Motors Co. announced today it will invest $160 million in tooling and equipment at the Lake Orion Assembly complex and $40 million in new dies at its Pontiac Metal Center.
“Today’s announcement is a shot in the arm for these two terrific plants known for their teamwork and employee engagement,” says Cathy Clegg, vice president of GM North America Manufacturing. “We’re committed to growing our brands and producing the highest-quality and safest vehicles for our customers.”
Since 2010, the automaker has invested a combined $775 million in the two facilities. In 2010, GM invested $545 million in the 4.3 million-square-foot Orion Assembly plant to launch the Chevrolet Sonic and Buick Verano.
The 1.2-million-square-foot Pontiac Metal Center, which stamps metal parts for 20 different vehicle models, recently earned the U.S. Environmental Protection Agency’s Energy Star Challenge for Industry. It is one of only two GM plants in the world to meet the challenge three times.
“This major investment by GM underscores Michigan's leadership in the automotive industry and reflects a broad-based confidence among job providers that our state is the place to do business,” says Gov. Rick Snyder. “We appreciate GM's ongoing contributions to Michigan and will continue our work to create an environment that keeps the economy driving forward.”
No new jobs will be created by these actions, say company officials.