GM to Invest $220M in Parma, Lordstown Plants
DETROIT, Michigan –General Motors announced on Thursday that they will be investing $220 million in production plants in Parma and Lordstown.
According to a press release from the corporation, the investment will be made in tooling and equipment to build the next-generation Chevrolet Cruze.
“Thanks to northeast Ohio’s supportive business climate, we’re able to build on a great foundation and steer the Chevrolet Cruze into the next generation.” GM Manufacturing Manager Arvin Jones said. “A special thanks goes to Governor John Kasich and his team at Jobs Ohio for their strong leadership and advocacy for GM and our employees.”
The investment by GM means that 5,000 jobs at the facilities will be retained.
According to GM, the Lordstown Complex, with support from the metal center in Parma, has built more than 500,000 Cruzes since September 2010.