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.”
The company surprised Iraqi war veteran Trent Brining with a symbolic key to a 2016 Chevrolet Malibu, which will be built at the plant later this year. Brining, of Overland Park, Kansas, was injured by a rocket-propelled grenade in 2005 in Baghdad. The retired Army corporal has undergone 23 surgeries and earned a Purple Heart. Brining is one of five customers who will be notified within the next two days that they are receiving a new General Motors vehicle.