The investment of $788.7 million at the company’s manufacturing plant in Spring Hill has been set to create 781 new jobs for a new high-efficiency engine program.
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It also said it will invest $118 million into operations in Bay City, Mich.
A summary of the contract says the investments are part of $1.9 billion that GM has agreed to spend on USA facilities during the four years of the agreement. Since 2010, GM has announced more than $2 billion in investments for the factory, which initially was expected to close during the company’s 2009 bankruptcy and the discontinuation of Saturn.
The Spring Hill plant manufactures the Cadillac XT5 and the GMC Acadia, as well 4-cylinder engines and stampings used in several GM vehicles. “It is important to see long-time partners like GM continue to invest in Tennessee and create high-quality jobs here”, he said.
The plant represented GM’s least utilized factory in 2015, according to WardsAuto.com, which provides data on the auto industry, amid a slew of product changeovers and expansion efforts.
“Today’s announcement reinforces our absolute faith in this facility”, said Arvin Jones, GM’s North American manufacturing manager. GM said that investment will lead to 29 new jobs and the retention of 67 jobs.
Bay City Powertrain builds components for Chevrolet, Buick, GMC and Cadillac vehicles. The complex will begin building small block V8 engines by the end of 2016. The plant opened in 1892 as National Cycle Manufacturing Company and produced a new bicycle to replace old high-wheeled types.
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Republican politicians like Gov. Bill Haslam have largely sought to keep the UAW from gaining inroads at among other automakers, but appear be willing to overlook philosophical differences on labor issues when it comes to the General Motors plant.
