General Motors Company (NYSE:GM) is planning to build a 225,000 square foot stamping plant at the Lansing Grand River assembly plant site in Lansing, Michigan. The stamping plant is expected to cost $165 million and will create 65 jobs.
The Lansing Grad River assembly plant produces the Cadillac CTS coupes, sedans, and wagons. It also builds the Cadillac ATS. GM spent $560 million in 2001 to build the Grand River plant. The company spent $190 million to add 600 jobs and a second shift in preparation of the launch of the ATS in 2010. Another $88 million investment went into the plant to retool the CTS in 2011.
?GM is the gift that keeps on giving,? stated Lansing Mayor Virg Bernero in an interview with the Lansing State Journal. ?That?s economic stability for our future. There?s real strength in that.?
General Motors is also spending $44.5 million to build a logistics center near the Grand River plant, which is expected to be completed by the end of the year. The 400,000 square foot facility will be connected to the general assembly building and will add 200 jobs. This plant will be used for a process known as sequencing where parts are sorted and delivered for the assembly line.