KANSAS CITY, Kan. (AP) - General Motors will invest $174 million in its Fairfax plant in Kansas City, Kansas, to pay for new equipment and technology to produce the 2016 Malibu, company officials announced Monday.
Production of the midsize sedan, which was unveiled in early April in New York, is scheduled to begin at the plant later this year.
The investment will not mean any new jobs at the plant, which currently employs 3,230 hourly and 270 salaried workers building Malibu and Buick LaCrosse models.
The Fairfax plant investment is part of a $5.4 billion investment in U.S. plants over three years that GM announced last week to build next generation vehicles.
CEO Mary Barra and GM North America and Global Chevrolet President Alan Batey were at the plant Monday to announce the investment and celebrate as the company noted production of 500 million vehicles in its history, about 12 million of them at the Fairfax plant.
"During 2015, we expect to sell more than 1,000 new vehicles per hour, 24 hours per day," Barra said in a news release. "This adds up to nearly 10 million vehicles, the most in our history."