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GM invests $40 million at Pontiac Stamping for future EVs
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Detroit   General Motors Co. on Friday said it will invest $40 million at its Pontiac Stamping Plant to prepare for coming electric vehicles.
Renovation will start immediately and include the installation of  highly flexible fabrication machinery and presses to support future electric vehicle production and various product applications, the automaker said in a press release. The investment will create 20 new positions, GM said.
For the first time ever, the automaker is spending more money this year on electric vehicle investment than it is on gas-and-diesel-powered products.
The “Flex Fab” sheet metal fabricating technology that will be used at the facility allows for repeatable, custom and precise stamping, which reduces costs for low-volume applications. ....

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