
JHVEPhoto
General Motors (NYSE:GM) will invest a $4 billion investment over the next two years to expand production at three key U.S. manufacturing facilities in Michigan, Kansas, and Tennessee.
This move is aimed at increasing the production capacity of both gas-powered and electric vehicles, with a particular focus on several of GM’s best-selling models.
The Michigan plant will begin producing gas-powered full-size SUVs and light-duty pickup trucks in early 2027, marking a shift from prior plans to use the site for electric trucks.
The Kansas plant will start production of the gas-powered Chevrolet Equinox in mid-2027. The facility will also begin building the all-electric Chevrolet Bolt by the end of 2025, with future investments planned for next-generation affordable EVs.
The Tennessee plant will add production of the gas-powered Chevrolet Blazer starting in 2027, alongside existing production of the electric Cadillac LYRIQ and VISTIQ, as well as the gas-powered Cadillac XT5.
“The new investment will give GM the ability to assemble more than two million vehicles per year in the U.S.” the company said in a statement.
The announcement comes after GM’s (NYSE:GM) recently revealed plan to invest $888 million in the Tonawanda Propulsion plant outside Buffalo, New York, to power GM’s next-generation V-8 engine.
More on General Motors
- China And Tariff Headwinds Could Cause General Motors To Break Down
- General Motors: A Technical Buy But A Fundamental Sell
- General Motors: Navigating The Trade War Storm, Reducing My Price Target
- Top weekly S&P 500 consumer discretionary gainers & losers: Norwegian Cruise Line takes lead; Lululemon bottoms
- China gives Detroit’s Big 3 access to rare-earth minerals – report