GM Invests $1B in Michigan Plants
  • 11 months ago
General Motors has announced plans to invest over $1 billion in two Michigan plants to produce next-generation heavy-duty trucks. The investment will involve $788 million to prepare the Flint Assembly plant for manufacturing heavy-duty gas and diesel trucks, and an additional $233 million in the Flint Metal Center to support vehicle production. The investment aims to generate sales and fund GM's electric vehicle initiatives. In 2022, GM reported a 38% increase in sales of its heavy-duty pickups compared to the previous year, with nearly 288,000 trucks sold. Despite GM's commitment to transitioning to all-electric vehicles by 2035, the company continues to invest in traditional vehicles like the Chevrolet Silverado and GMC Sierra heavy-duty pickups due to their profitability and high demand.
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