Invest in Our Economy July - September 2023 | Page 2



Accelerating Growth with Strategic Solutions

This investment will enable the company to strengthen its industry-leading full-size SUV business . Product details and timing related to GM ’ s future full-size SUVs are not being released at this time . The announcement brings GM ’ s U . S . manufacturing and parts distribution facility investment commitments to more than $ 31 billion since 2013 .
“ Today we are announcing plans for a significant investment in Arlington to strengthen our industry-leading full-size SUV business ,” said Gerald Johnson , executive vice president , Global Manufacturing and Sustainability . “ Preparing the plant to produce future ICE fullsize SUVs reflects our commitment to our valued customers and the efforts of the dedicated Arlington Assembly employees , who have been breaking production records this year .”
This investment bolsters GM ’ s U . S . manufacturing operations , which includes more than 50 assembly , stamping , propulsion and component plants and parts distribution centers nationwide . It also highlights the company ’ s commitment to continue providing customers with a strong portfolio of ICE vehicles for years to come .
Arlington Assembly builds GM ’ s entire portfolio of full-size SUVs : Chevrolet Tahoe and Suburban , GMC Yukon and Yukon XL , and Cadillac Escalade , Escalade ESV and Escalade-V — helping the company lead the industry in this segment for the 48th straight year in 2022 . In addition to the overall segment leadership , the Cadillac Escalade led the full-size luxury SUV segment for the ninth straight year in the U . S . The Chevrolet Tahoe was the best-selling full-size SUV in 2022 and added to GM ’ s trophy case by ranking first in the Large SUV category in the J . D . Power U . S . Initial Quality Study . The GMC Yukon , the brand ’ s flagship nameplate , continues to see growth in the mainstream full-size SUV segment , significantly outperforming the segment average . The Yukon Denali Ultimate trim also tied for first in the J . D . Power Customer Satisfaction Ranking of the top large SUVs .
Through this more than half-a-billion-dollar investment , Arlington Assembly will receive new tooling and equipment in its stamping , body shop and general assembly areas .
“ When business is booming as it has been for the past decade — due to the hard work of UAW members — the company should continue to invest in its workforce ,” said Mike Booth , UAW vice president , GM department . “ It is good to see that GM recognizes the hard work you , the UAW membership , contribute to the success of this company . We are proud that UAW-GM members will continue to build quality , union-made products here in the USA .”
“ For more than half a century , Arlington Assembly has played an integral role in the economic success of the Dallas-Fort Worth-Arlington metroplex ,” said Texas Governor Greg Abbott . “ General Motors ’ over half-a-billion-dollar investment in their North Texas assembly plant will strengthen Texas ’ position as a global manufacturing leader and continue creating good-paying jobs for generations of Texans . I thank General Motors for continuing to invest in our state ’ s diverse , highly skilled workforce and look forward to maintaining the strong partnership between this great company and the State of Texas .” GM has announced nearly $ 2 billion in investments for Arlington Assembly since 2013 .
General Motors ( NYSE : GM ) is a global company focused on advancing an all-electric future that is inclusive and accessible to all . At the heart of this strategy is the Ultium battery platform , which will power everything from mass-market to high-performance vehicles . Vehicle safety and security services , can be found at https :// www . gm . com .
I The Arlington Economic Development Corporation has partnered with the Texas Manufacturing Assistance Center ( TMAC ) to establish the Strategic Solutions Fund ( SSF ). The Strategic Solutions Fund aims to help Arlington-based companies accelerate their growth and productivity . The SSF is designed to accelerate growth and productivity by :
1 . Supporting eligible Arlington companies identify process , facility , production , technological , or talent-related challenges , inefficiencies , and growth barriers ; and , 2 . Developing strategic interventions and solutions designed to address identified growth barriers ; and , 3 . Covering portions of the cost associated with delivering and implementing the interventions and solutions .
Through the Strategic Solutions Fund , Arlington businesses with 51- 250 employees would be eligible for grants up to $ 10,000 and businesses with 50 employees or less would be eligible for grants up to $ 5,000 . You can learn more by visiting here : Strategic Solutions Fund - City of Arlington ( arlingtontx . gov ) Or , emailing EconomicDevelopmentCorporation @ arlingtontx . gov