General Motors Co. (NYSE: GM) will today detail plans for an investment of approximately $90 million in its Marion Metal Center that could help retain more than 1,400 full-time jobs. The plant supplies metal products for cars, vans, trucks and SUVs for GM assembly plants throughout North America.
The investment involves new equipment for the 60-year-old stamping plant. The facility, which produces blanks, stampings and sheet metal assembly, employs a total of more than 1,600 full-time and part-time workers.
The announcement is the latest in a string of GM investment in Indiana. In December, the automaker announced plans to invest more than $127 million in its Bedford Casting Operations plant and create around 127 jobs. That plant employs more than 700 and makes parts used in Chevrolet, Buick, GMC and Cadillac vehicles. In May, the company unveiled plans to invest more than $1 billion to double the size of its Fort Wayne Assembly plant, which employs more than 4,000 workers.
The official announcement is scheduled for 1:00 p.m. today at the Marion Metal Center facility. This story will be updated.