GM to invest $21 mln in Flint Assembly upgrade
- Source: Xinhua
- [12:36 September 22 2009]
- Comments
The US auto giant General Motors Co. said Monday that it will spend more than 21 million US dollars upgrading its Flint Assembly plant to build the 2011 light-duty Chevrolet crew cab.
It is the latest production increase and capital investment announced by GM since it emerged from bankruptcy July 10 with 50 billion dollars in federal aid.
According to a Detroit News report, GM will spend money renovating the existing heavy-duty assembly process and installing new machinery, equipment and tooling. Construction is expected to start in the fourth quarter with production starting in July 2010.
GM also is investing 43 million dollars to build lithium-ion battery plant in a Brownstown Township industrial park near Detroit that will supply a key component of the Chevrolet Volt extended-range electric vehicle.
