At its Marion metal stamping facility in Indiana, General Motors Company announced on Thursday that it would invest $491 million to increase production of stamped parts made of steel and aluminium for future products, including electric vehicles. These parts will be used in the company’s future products.
The investment will be put toward the acquisition and installation of two new press lines, the completion of press and die upgrades, renovations, and the addition of about 6,000 square feet of space to the plant.
The car manufacturer has stated that construction on the new plant will start later on in this year.
The Marion Metal Center of General Motors began operations in 1956 and is responsible for the fabrication of sheet metal parts for numerous General Motors assembly plants.
These parts are used in the production of Chevrolet, Buick, GMC, and Cadillac automobiles. There are currently more than 750 people employed at the institution.
