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Trucks roll off the assembly line at the Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018.
John Grace | Reuters
Detroit – general motors On Monday, it announced plans to invest $632 million to produce its next-generation full-size trucks at a plant in Indiana.
The investment is the automaker’s third such announcement in the past week involving GM’s next-generation large trucks and SUVs, which are based on the same vehicle architecture and share some interiors. The total investments announced in recent days amounted to more than $2.1 billion.
GM said the investment in its Fort Wayne, Indiana, plant will support new conveyors, tools and equipment in plant structure and general assembly areas for production of the Chevrolet Silverado and GMC Sierra 1500.
The investment in Indiana is further confirmation that the company plans to continue spending on its traditional operations to help fund its nascent electric vehicle business.
The company said it plans to offer consumers exclusively electric vehicles by 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 automakers, including General Motors, and the United Auto Workers union this summer.
Fueled by a years-long organized labor movement across the country, a pro-union president and an industry on the path to an all-electric vehicle transition, this year’s negotiations are expected to be among the most significant in recent memory.
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