General Motors will invest $174 million in to support Malibu production at Kansas plant

Markets Associated Press

General Motors says it will invest $174 million in its Fairfax plant in Kansas City, Kansas.

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Announcing the investment Monday, visiting company officials said it will pay for new equipment and technology for production of the 2016 Malibu, which will begin later this year.

CEO Mary Barra and GM North America and Global Chevrolet President Alan Batey also celebrated as the company noted production of 500 million vehicles in its history, about 12 million of them at the Fairfax plant.

Barra says the company plans to build 10 million vehicles this year.

The company surprised Iraqi war veteran Trent Brining with the symbolic key to a 2016 Chevrolet Malibu, which will be built later this year at the plant.