General Motors: GM Invests 148Mn USD in Spring Hill

image - internet

General Motors Invests 148 Million USD to re-purpose flexible machining & assembly equipment at it's Spring Hill Manufacturing plant to build V8 engines to meet market demand and enable Spring Hill to quickly add capacity to build the 6.2L V8 engines which popular truck such as Chevrolet Silverdo Crew Cab, Yukon Denali, Yukon XL Denali, Cadillac Escalade, Escalade ESV and SUVs. And this will create 200 jobs approximately.

"This investment will position GM and its workforce to promptly respond to consumer demand for this engine in the popular truck and SUV segment, The flexibility of Spring Hill’s engine machining and assembly equipment is allowing GM to respond deftly when additional engine variant capacity is needed." - Arvin Jones, Manufacturing Manager for GM North America

image - General Motors Share price

As you can see in the graph, GM showed some spikes on 18th Feb 2016 trading but it's a question up to which level the market price will be stable end of Feb 2016.

Source - GM News Room