- General Motors announced plans Monday to invest $632 million to produce its next-generation full-size pickup trucks at an Indiana plant.
- The investment marks the automaker’s third such announcement in the past week, affecting GM’s next-generation large trucks and SUVs.
- The investment in Indiana is further validation that the company plans to continue investing in its traditional operations to help fund its burgeoning electric vehicle business.
Trucks roll off the line at GM’s Chevrolet Silverado and GMC Sierra pickup plant in Fort Wayne, Indiana, on July 25, 2018.
John Gress | Portal
DETROIT — General Motors on Monday announced plans to invest $632 million to produce its next-generation full-fledged pickup trucks at an Indiana plant.
The investment is the automaker’s third such announcement in the past week, affecting GM’s next generations of large trucks and SUVs that are based on the same vehicle architecture and share some internal parts. Investments announced over the past few days total more than $2.1 billion.
GM said the investment in its Fort Wayne, Indiana plant will support new conveyors, tooling and equipment in the plant’s body and general assembly areas for production of the Chevrolet Silverado and GMC Sierra 1500 models.
The investment in Indiana is further validation that the company plans to continue investing in its traditional operations to help fund its burgeoning electric vehicle business.
The company has said it will offer exclusively consumer electric vehicles through 2035, including new all-electric versions of the Silverado later this year and the Sierra Denali in early 2024.
The investment announcements come ahead of contract negotiations between Detroit-based automakers, including GM, and the United Auto Workers union this summer.
This year’s negotiations are expected to be among the most contentious and important in recent history, fueled by years of organized labor movement across the country, a pro-union president and an industry in transition towards all-electric vehicles.