GM to invest $4B in 3 U.S. facilities over next 2 years as it ramps up gas-powered vehicles

SUVs move through the assembly line at the General Motors Assembly Plant in Arlington, Texas June 9, 2015. General Motors Co is raising the stakes on its bet that sales of fuel-thirsty sport utility vehicles will keep driving its global profits as Chinese and other markets sag. GM said on July 14, 2015 that it plans to spend $1.4 billion to modernize the factory in Arlington, Texas, that builds the Cadillac Escalade, Chevrolet Suburban and GMC Yukon sport utility vehicles. It's the largest single investment in a $5.4 billion, three-year plant upgrade program announced earlier this year. Picture taken June 9, 2015.

Detroit carmaker said on Tuesday it plans to invest about $4 billion USD over the next two years at three U.S. facilities in Michigan, Kansas, and Tennessee as it moves to boost production of gas-powered vehicles amid slowing electric vehicle demand.

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