Basic Motors Co stated on Tuesday it might make investments an extra $20 million to improve gear on the automaker’s Arlington Meeting plant in Texas, forward of the launch of full-size sports activities utility autos (SUVs).
The funding won’t add to the plant’s manufacturing capability, a GM spokesman stated. The No.1 U.S. automaker has not revealed when the corporate goes to launch its subsequent era full-size SUVs such because the Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon, GMC Yukon XL and the Cadillac Escalade.
GM has lengthy been dominated the U.S. full-size SUV section, which fetches larger margins, however rival Ford Motor Co has been pushing to seize market share. Fiat Chrysler Vehicles NV stated earlier this 12 months it might begin constructing a full-size Jeep SUV in late 2020.The most recent gear improve at Arlington plant is anticipated to be prepared subsequent 12 months, the corporate stated.
GM has invested greater than $1.four billion within the Arlington Meeting plant since 2015.