GM invests 1 million in metal stamping facility to help produce electric vehicles

GM invests $491 million in metal stamping facility to help produce electric vehicles

(Reuters) – General Motors Corp. said Thursday it will invest $491 million to boost production of stamped steel and aluminum parts for future products, including electric vehicles, at its Marion Metal Stamping facility in Indiana.

The investment will be used to purchase and install two new press lines, complementary press and mold updates, and renovations and expansion of the facility by approximately 6,000 square feet.

The automaker said work on the facility will begin later this year.

GM’s Marion Metal Center, begun in 1956, produces sheet metal parts for several GM assembly plants to support production of Chevrolet, Buick, GMC, and Cadillac vehicles. The center currently employs more than 750 workers.

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