Tuesday, 19 April 2011

GM to invest $30M into Pontiac stamping plant

Thursday, Mar 31st, 2011 @ 6:20 a.m.

A 79-year old plant, the Pontiac Stamping Plant, in Michigan, has just been given a new injection of life by General Motors.

GM has announced that it will be investing over $30 million into its Pontiac plant in order to upgrade its tooling and equipment as it prepares to begin producing components of the upcoming Chevrolet Sonic and Buick Verano small cars.

Thanks to the injection of funding, Pontiac Stamping will be able to able to upgrade three existing conventional press lines, as well as add two new presses that are being added as part of GM’s overall effort to consolidate its pressing operations. GM says the combined changes will help to make Pontiac a regional center for several plants.

The new was welcomed by the 290 existing employees at the plant, members of the UAW Local 653.


View the original article here

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