GM to spend nearly $500 million to support electric vehicle production in Indiana

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General Motors plans to spend nearly half a billion dollars to expand and modernize its metal stamping plant in northern Indiana, state and company officials said.

The automaker said the $491 million initiative will partially add 6,000 square feet of space, install two new press lines and complete press and die upgrades at the plant. GM officials said the work will prepare the Marion Metal Center to supply stamped steel and aluminum parts for its future vehicles, including electric models.

The project is expected to start later this year.

“This investment is another example of the company bringing everyone together and investing in the people who make manufacturing a competitive advantage for GM,” said Gerald Johnson, executive vice president of global manufacturing and sustainability at the company, in a press release.

About 750 people currently work at the Marion plant, which produces sheet metal parts for the company’s Buick, Cadillac, Chevrolet and GMC brands. Officials expect its total workforce to remain “stable” after the expansion.

Indiana economic development officials have proposed an incentive package for the project, including $12 million in conditional tax credits and up to $500,000 in training grants. The Indiana Economic Development Corporation’s board of directors has yet to approve the incentives, reports the Associated Press.

Image Credit: Linda Parton/Shutterstock.com

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