The automotive stalwart in the U.S., General Motors (GM
), announced last Thursday that it would be spending around $439 million on one of its major manufacturing plants in the U.S. that would mark a step towards expanding the home turf. The company has also confirmed that the capital expenditure would begin this summer, and the completion of the project at hand would take the next two years with investors now expecting the expansion to be completed by the end of 2017. In fact, GM stated earlier that it looks forward to invest around $5.4 billion in the U.S. on expansion of its major factories, and this is just a step towards the ultimate aim of spending this huge sum on building better and technologically adept manufacturing and assembly plants in the U.S. that would aid in competing with the peers comprising Ford Motors (F
) and Fiat Chrysler Automobiles (FCAU
). Let’s quickly take a peek into what has been shared on the current expansion program being taken up by the U.S. automotive major. More...
GENERAL MOTORS, FORD, FIAT CHRYSLER, $439 MILLION, $5.4 BILLION, U.S. PLANTS, KENTUCKY PLANT, CHEVROLET CORVETTE, BOWLING GREEN, PLANT EXPANSION