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General Motors is investing $ 150 million in its Flint, Michigan, production facility to accelerate the manufacturing of its all-new Chevrolet Silverado and GMC Sierra heavy-duty trucks, the company said on Wednesday.
Multi-million dollars will be used to upgrade Flint's conveyors and other machines, according to a GM press release. The company expected the updates to be completed "in the first half of 2020".
The company's president, Mark Reuss, praised the quality of the above-mentioned vehicles and said Flint employees "are ready for the challenge" to produce them.
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A large-format Chevrolet Silverado pickup is set to leave the assembly line on Wednesday at General Motors' assembly plant in Flint, Flint, Michigan. (Photo by Jeffrey Sauger for General Motors)
"We have tremendous opportunities to develop our heavy-duty trucking business because we have invested in capacity, performance, innovation and capacity," said Reuss.
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| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| GM | GENERAL MOTORS COMPANY | 35.67 | -0.53 | -1.46% |
No new jobs are linked to Wednesday's announcement, but GM announced earlier this year that it would add 1,000 workers to the factory. The Flint Assembly currently employs more than 5,000 people.
Associated Press contributed to this report.
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