• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick GM to invest $632 million to produce next-generation pickups in Indiana
Editor's Pick

GM to invest $632 million to produce next-generation pickups in Indiana

by June 14, 2023
by June 14, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

DETROIT — General Motors announced plans Monday to invest $632 million for production of its next-generation full-size pickup 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 internal parts. The investments announced in recent days total more than $2.1 billion.

GM said the investment in its Fort Wayne, Indiana, plant will support new conveyors, tooling and equipment in the plant’s body and general assembly areas for production of the Chevrolet Silverado and GMC Sierra 1500 models.

The investment in Indiana is further confirmation that the company plans to continue to spend on its traditional operations to assist in funding its emerging electric vehicle business.

The company has said it plans to exclusively offer consumer EVs by 2035, including new all-electric versions of the Silverado later this year and Sierra Denali in early 2024.

More from CNBC

The 15-inch MacBook Air offers superb battery life and portability at an aggressive price Millionaires want higher Federal Deposit Insurance Corp. deposit limits. How to get more coverage now What Tesla charging partnerships with Ford and GM mean for the EV industry

The investment announcements come ahead of contract negotiations between the Detroit automakers, including GM, and the United Auto Workers union this summer.

This year’s negotiations are expected to be among the most contentious and important in recent memory, fueled by a yearslong organized labor movement across the country, a pro-union president and an industry in transition to all-electric vehicles.

This post appeared first on NBC NEWS
You Might Also Like
  • Major retailers are backtracking on self-checkout
  • ‘So darn easy’: IRS’ free Direct File pilot program already a hit with early users
  • Philadelphia Fed President Patrick Harker advocates for interest rate cut in September
  • Disney, Fox, Warner Bros. Discovery call off Venu sports streaming service
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Grubhub lays off 15% of corporate workforce, or about 400 employees
next post
George Soros-linked PAC, extra races give Virginia Democrats fundraising edge in crucial primary election

You may also like

Returning a holiday gift? It could end up in a...

January 8, 2024

8 Examples of Digital Transformation in the Education Industry

March 15, 2023

Chick-fil-A asks customers to throw out Polynesian sauce packets over...

March 7, 2024

Women’s basketball league Unrivaled signs uniform deal with Under Armour

December 11, 2024

CNN CEO Chris Licht apologizes to staff during internal Monday...

June 7, 2023

Spirit Airlines gets rid of change and cancellation fees, joining...

May 22, 2024

David’s Bridal files for bankruptcy after laying off more than...

April 19, 2023

8 key technologies transforming the future of global supply chains

December 20, 2022

U.S. isn’t considering ‘blanket insurance’ for bank deposits, Yellen says

March 24, 2023

Stocks close higher, clawing back some losses from Monday’s sell-off

August 11, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Telenor report: IoT adoption in APAC...

    December 13, 2022

    New Orleans prepares for Super Bowl...

    February 7, 2025

    How America’s chief consumer-protection agency came...

    February 13, 2025
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here