February 2, 2012
General Motors has announced plans to start construction on a $200 million stamping facility that will create about 180 jobs. The new facility, part of the company's Arlington, Texas, manufacturing complex, will produce large stamping components for the next-generation full-size Chevrolet® Tahoe®, Suburban®, GMC® Yukon®, and Cadillac® Escalade®.
Currently, Arlington receives stamped components from several GM plants, with some parts coming from more than 1,000 miles away. The new facility, which comes online in 2013, will save about $40 million a year in logistics cost. The facility is in addition to a $331 million investment to purchase tooling and equipment and expand the Arlington Assembly Plant that was announced along with 110 additional jobs in May 2011.
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