DETROIT – General Motors plans to invest more than $1 billion in two Michigan plants for production of next-generation heavy-duty trucks, the company said Monday.
Another $233 million will be invested in the automaker's Flint Metal Center to support production of the vehicles.
Despite GM's commitment to exclusively offer all-electric vehicles by 2035, the company continues to invest in traditional vehicles such as the Chevrolet Silverado and GMC Sierra heavy-duty pickups.
In 2022, GM reported sales of its heavy-duty pickups increased by 38% compared to the prior year, amounting to nearly 288,000 trucks sold.
For investors, UAW negotiations are typically a short-term headwind every four years that result in higher costs.
Persons:
Mike Booth
Organizations:
General Motors, Flint Assembly, DETROIT –, Motors, Flint Metal Center, Chevrolet Silverado, GMC, GM, Detroit, United Auto Workers, UAW
Locations:
Flint, Flint , Michigan, DETROIT, Michigan, EVs