GM To Invest $167M More At Tennessee Factory
DETROIT (AP) — General Motors is spending another $167 million at its Spring Hill, Tenn., factory so it can build two new midsize vehicles.
The investment is on top of a previously announced $183 million investment. The spending is expected to create or keep 1,800 jobs, but GM wouldn't say how many new people would be hired.
The company also wouldn't identify the new vehicles. They could be new versions of the Chevrolet Equinox and GMC Terrain crossover SUVs.
The plant now makes the Equinox along with a factory in Canada. Although they're selling well, they were last reworked in 2009. They compete against newer vehicles like the Honda CR-V, Ford Escape and Toyota RAV-4.
Spring Hill is a former Saturn plant that now employs about 2,000 people who also make four-cylinder engines.
Copyright 2013 The Associated Press.