GM have decided to put a 225 milion dollar investment into the Saturn paint plant in Tennessee.
General Motors to invest in plant that builds the Saturn in Tennessee.
The GM Saturn range is spoke of as being the saviour of General Motors, this maybe confirmed by the company with their plans to update the Saturn plant in Tennessee, the plant which is just outside of Nashville will have to be shut down while the work on the paint shop is being done, and will mean that most of the work force will effectively be out of work until the new paint shop is completed.
General Motor have suffered for the past few years, losing more than ten billion dollars in the year 2005 and even in this year 2006 they have still lost over three billion dollars, these amounts are huge and no company can sustain them.
The investment of 225 million dollars in the paint shop is proof that the company has faith in the 3,500 workforce and their importance to the companies future, if everything goes according to plan, that is the management can agree with the workforce on the temporary lay off, then work should begin early in 2007 with no fixed date on the completion of the work or a start date for production to start again.