GM to invest more than $1 billion to produce new heavy-duty pickups
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan.
JEFF KOWALSKY / AFP / Getty Images
DETROIT – General Motors plans to invest more than $1 billion in two Michigan plants for production of next-generation heavy-duty trucks, the company said Monday.
The investment includes $788 million to prepare its Flint Assembly plant to assemble next-generation heavy-duty gas and diesel trucks. Another $233 million will be invested in the automaker’s Flint Metal Center to support production of the vehicles.
Despite GM’s commitment to exclusively offer all-electric vehicles by 2035, the company continues to invest in traditional vehicles such as the Chevrolet Silverado and GMC Sierra heavy-duty pickups.
The notably profitable trucks are in high demand, and sales are needed to assist in funding the automaker’s investments in EVs.
This is a developing story. Please check back for additional updates.
Article Courtesy of CNBC