General Motors has announced its latest investment plan, aimed at Fort Wayne, Indiana, to develop a new generation of pickups. This marks the company’s fourth investment announcement within the month. General Motors revealed on Monday that it will dedicate $632 million to the Fort Wayne Assembly, upgrading the plant to facilitate the production of future gasoline-powered full-size light-duty pickups.
The plant in Fort Wayne currently manufactures Chevrolet Silverado and GMC Sierra light-duty pickups, which have proven to be significant revenue drivers for GM. The profits from these trucks are pivotal in aiding GM’s transition to become an all-electric vehicle company by 2035.
Gerald Johnson, the Executive Vice President of Global Manufacturing and Sustainability, commended the dedication of the Fort Wayne team, stating that the investment reflects the company’s commitment to its loyal truck customers.
GM also operates a plant in Oshawa, Ontario, where they produce light-duty and heavy-duty Chevrolet Silverados. The company has committed to investing CA$280 million ($208 million USD) to upgrade this plant for the production of the next generation of full-size gasoline-powered pickups.
Last week, GM pledged to invest $1 billion in the Flint Assembly and Flint Metal Center for the production of next-generation gasoline-powered heavy-duty pickups. Additionally, the company will invest $500 million in its Arlington Assembly plant in Texas to enhance the facility for the production of the next generation of full-size gasoline-powered SUVs.
While GM has not disclosed any details or timelines concerning its future trucks, the investment will be used to finance new conveyors, tooling, and equipment in the plant’s body and general assembly areas, according to a company statement.
Mike Booth, the UAW Vice President of the GM department, acknowledged the company’s booming business and the contributions of UAW members. He stated that the company should continue investing in its workforce, given the successful decade they’ve had.
