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GM to Spend $600 Million at Kansas City Plant

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By Paul Ausick Updated Published
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Courtesy General Motors Co.
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.”

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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