General Motors (NYSE:GM) this week opened a new stamping plant in Arlington, Texas. The plant, which makes parts for GM's SUVs, cost $200 million to build and added over 100 new jobs. That's certainly important to the local economy -- but why is it important to investors in GM stock?
It's not obvious from the headlines, but this new factory is just the latest move by GM in a strategic global plan that the auto giant is using to quietly boost its profits. In this video, Fool.com contributor John Rosevear explains why the new factory is important -- and how it, and others like it, could give GM's stock a big boost over time.
Fool contributor John Rosevear owns shares of General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.