GM invests $500 million to build large SUVs in Texas

General Motors will invest more than $500 million to upgrade its Arlington, Texas, factory to build the Cadillac Escalade, Chevy Tahoe and Suburban and GMC Yukon and Yukon XL.

The Detroit automaker announced the plan Thursday and said the investment is pending discussions with local officials in Texas.

The 69-year-old Arlington Assembly will be upgraded with new tooling and stamping, body shop and general assembly equipment. GM has invested nearly $2 billion in the site since 2013.