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.
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.