Trade Resources Company News GM Plans to Invest $1.3 Billion in Five Factories So They Can Manufacture Pickup Trucks

GM Plans to Invest $1.3 Billion in Five Factories So They Can Manufacture Pickup Trucks

General Motors Co. announced plans to invest $1.3 billion in five factories so they can manufacture pickup trucks with more fuel-efficient engines and technologies.

GM said the money will go to the Flint, Mich., assembly plant; an engine plant in Romulus, Mich.; a transmission factory in Toledo, Ohio; and a casting plant in Bedford, Ind.

"These investments add up to higher quality and more fuel-efficient vehicles for our customers," GM North America President Mark Reuss said in a statement.

GM said about $600 million will go to the Flint factory for a new paint shop and other upgrades. The plant makes the Chevrolet Silverado and GMC Sierra pickup trucks.

The company has now announced more than $10.1 billion in investments in U.S. operations since emerging from bankruptcy protection in 2009.

Source: http://www.ttnews.com/articles/lmtbase.aspx?storyid=2635&t=GM-to-Invest-%2413-Bln-in-Five-Factories
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GM to Invest $1.3 BLN. in Five Factories
Topics: Transportation