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GM to speculate $1 billion to provide new heavy-duty pickups

Line employees work on the chassis of full-size Basic Motors pickup vans on the Flint Meeting plant on June 12, 2019 in Flint, Michigan.

JEFF KOWALSKY / AFP / Getty Photos

DETROIT – General Motors plans to speculate greater than $1 billion in two Michigan vegetation for manufacturing of next-generation heavy-duty vans, the corporate mentioned Monday.

The funding consists of $788 million to arrange its Flint Meeting plant to assemble next-generation heavy-duty gasoline and diesel vans. One other $233 million can be invested within the automaker’s Flint Metallic Heart to help manufacturing of the autos.

Regardless of GM’s dedication to completely provide all-electric autos by 2035, the corporate continues to put money into conventional autos such because the Chevrolet Silverado and GMC Sierra heavy-duty pickups.

The notably worthwhile vans are in excessive demand, and gross sales are wanted to help in funding the automaker’s investments in EVs.

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