GM to Spend $600 Million at Kansas City Plant

Jobs

Published: January 28, 2013 1:53 pm

Last Updated: April 27, 2020 10:19 pm

A new 450,000-square foot paint shop, a new stamping press, and other upgrades to the General Motors Co. (NYSE: GM) Fairfax plant in Kansas City will cost the company $600 million. Overall in 2013, GM plans to spend $1.5 billion on capital improvements to its North American plants. The company’s global capital spending budget for 2013 totals around $8 billion.

The Fairfax plant employs 3,900 people and built more than 230,000 Chevrolet Malibus and Buick LaCrosse cars in 2012. Over the last 10 years, GM has invested about $2 billion in the plant. More than 12 million vehicles have been built at the plant since its founding in 1945.

GM’s CEO said, “This major investment is a vote of confidence in the employees and leadership of this plant …” and a United Auto Workers official noted, “This commitment to the future of the plant and the workforce is a reminder to all of us that we build the world’s best vehicles, with the world’s best people.”

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.