SOURCE: General Motors - Global
GM Invests $600 Million in Fairfax Plant
General Motors today announced a $600-million investment in the Fairfax Assembly and Stamping Plant, including the construction of a new 450,000 square-foot paint shop, the installation of a new stamping press and other upgrades.
It is one of GM's largest plant investments ever, and builds on nearly $2 billion invested in Fairfax in the last decade. Earlier this month, GM announced it would invest $1.5 billion in North American facilities in 2013. This Fairfax investment comprises a large part of that commitment.
Construction at the 3.2-million-square-foot plant begins later this year and is expected to take about two years to complete, increasing the footprint of the plant by about 15 percent to 3.7 million-square-feet. Vehicle production schedules will be unaffected by the construction, keeping the plant's three shifts of nearly 4,000 hourly and salaried employees on the job.