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07Jan2016

GM to Invest $1.2 Billion in Indiana Truck Plant

General Motors Co. will spend $1.2 billion to upgrade its Indiana pickup truck plant as part of an overall plan announced last month to plow billions of dollars into U.S. factories and facilities.

The money will be spent on the construction of a new paint operation, an expansion of the body shop and other upgrades at the Fort Wayne assembly plant. The factory produces the GMC Sierra and Chevrolet Silverado pickup trucks. Work on the upgrades will start in June and take several years to complete.

The investment couldn’t come at a better time since U.S. customers are snapping up pickup trucks amid lower gas prices and easy credit. Silverado sales rose 14.7% to 172,672 year-to-date through the end of April compared with the same period a year earlier while Sierra sales have risen 6.4% to 63,255.

Read more: GM to Invest $1.2 Billion in Indiana Truck Plant

  • 7 Jan, 2016
  • Double H Author
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