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GM to take a position $632 million to construct next-generation pickups in Indiana

Vehicles come off the meeting line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. 

John Gress | Reuters

DETROIT – General Motors introduced plans Monday to take a position $632 million for manufacturing of its next-generation full-size pickup vans at a plant in Indiana.

The funding is the automaker’s third such announcement up to now week involving GM’s next-generation giant vans and SUVs, that are based mostly on the identical automobile structure and share some inner elements. The investments introduced in latest days complete greater than $2.1 billion.

GM stated the funding in its Fort Wayne plant in Indiana will assist new conveyors, tooling and tools within the plant’s physique and basic meeting areas for manufacturing of the Chevrolet Silverado and GMC Sierra 1500 fashions.

The funding in Indiana is additional affirmation that the corporate plans to proceed to spend on its conventional operations to help in funding its rising electrical automobile enterprise.

The corporate has stated it plans to completely supply consumer EVs by 2035, together with new all-electric variations of the Silverado later this yr and Sierra Denali in early 2024.

The funding bulletins come forward of contract negotiations between the Detroit automakers, together with GM, and the United Auto Staff union this summer season.

This yr’s negotiations are anticipated to be among the many most contentious and necessary in latest reminiscence, fueled by a yearslong organized labor motion throughout the nation, a pro-union president and an industry in transition to all-electric vehicles.

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