General Motors : GM Investing $491 Million in Marion Metal Center in Indiana to Support EV Production

Investment will support future vehicles, including EVs, built at GM assembly plants across the country

DETROIT - General Motors announced today it will invest $491 million at its Marion, Indiana metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles, built at multiple GM assembly plants.

The investment will be used to purchase and install two new press lines, complete press and die upgrades, for renovations and to construct an approximately 6,000-square-foot addition. Work on the facility will begin later this year.

"While this investment prepares the facility for our all-electric future, it's really an investment in our talented Marion team and will keep the plant working for many years to come," said Gerald Johnson, GM executive vice president of Global Manufacturing and Sustainability. "This investment is another example of the company bringing everyone along and investing in the people who make manufacturing a competitive advantage for GM."

"GM is making this investment because of the hard work and dedication of our UAW Local 977 members in Marion," said Ray Curry, UAW president and director of the General Motors and Gaming departments. "The new stamping presses, upgrades and renovations associated with the investment will create job security for our members and help them care for their families and support their local community for years to come."

"Indiana is the number one ranked manufacturing production state in America per capita and ranks in the top three for automotive vehicles," said Indiana Gov. Eric J. Holcomb. "It's exactly because of investments like GM's in advanced technology and future-focused solutions that will ensure Indiana will continue to be a leader in tomorrow's manufacturing, making the products that power and redefine mobility the world over."

"The City of Marion appreciates General Motors' $491 million investment in the Marion Metal Center," said Marion Mayor Jess Alumbaugh. "Our community and GM have enjoyed a great partnership for 65 years. This commitment is confirmation that our future together is bright and will help ensure that GM continues to set the standard in the automotive industry."

First opened in 1956, GM's Marion Metal Center produces sheet metal parts for multiple GM assembly plants to support production of Chevrolet, Buick, GMC and Cadillac vehicles.

Marion currently employs more than 750 team members and employment is expected to remain stable with the addition of this new work in the plant.

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. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

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CONTACT:

Dan Flores

GM Communications

313-418-2374

[e-mail]