GM Invests $275 Million In Chevrolet Silverado, GMC Sierra Plant, Preparing For New Models
Part of its commitment to invest $2 billion in the next 18 months in the U.S., General Motors has announced its investment in its Fort Wayne, Indiana plant -- where they built the Chevrolet Silverado and GMC Sierra -- to the tune of $275 million.
The cash infusion will go toward retooling the plant within the next 18 months to prepare of the next-generation of GM full-size pickup trucks. The Fort Wayne Assembly Plant currently has 3400 workers on three shifts, and the company is looking to add or retain an additional 150 jobs through this investment.
Says GM manufacturing manager Larry Zahner, "This investment will allow us to continue building award-winning pickups that offer better fuel efficiency than ever before without sacrificing features and functionality. We remain committed to providing customers the utility and capability of our world-class full-size pickups."
Last May, GM announced that it would invest $2 billion across the U.S. over the following 18 months to continue production in the states and create or retain a total of 4000 jobs in 17 different facilities.
The current Silverado and Sierra -- codenamed GMT900 -- have been on sale since 2007. It's expected that the next-generation full-size pickups won't emerge until around 2013.
Source: General Motors