General Motors (GM) Plans A $632 Million Investment In Its Indiana Plant
According to media reports, General Motors (GM) is planning to invest a whopping $632 million in its Indiana-based plant. At its Fort Wayne plant, the company plans to build an assembly facility that will be used for the manufacture of light-duty trucks.
With the sizeable investment, GM plans to buy new tooling, equipment, and conveyors for its plants. The end game here is to produce GMC Sierra 1500 & Chevrolet Silverado 1500 trucks at the Fort Wayne plant.
GM To Introduce Next-Gen Trucks & SUVs
A big investment will be made by GM to introduce more efficient next-gen trucks and SUVs to the public. Overall, GM has planned a total investment that exceeds $2.3 billion & will be injected in series.
General Motors made a vow that it will stop building gas-powered vehicles by the end of 2035. But after these investments, it appears that GM isn't even thinking about stopping the production of these vehicles any time soon.
Just last week, General Motors also announced a $500 million investment in its Texas-based assembly plant. The company plans to manufacture full-sized SUVs at this plant.
While the world is moving away from the internal combustion engine, it appears that GM is on a different path with its massive investment initiatives.
According to experts, GM may also face some serious backlash from the EPA (Environmental Protection Agency) and the state of California.
Furthermore, a $1 investment is also planned by GM that will go towards re-tooling of its manufacturing plans in Michigan. At that plant, GM is planning to make its next-gen heavy-duty trucks.
According to GM, the recent investments will allow it to continue serving its clients with a strong variety of ICE-based vehicles.
Considering how EV-based vehicles are all the buzz for the last few years, these moves by GM don't make sense. But then again, GM has an established market for internal combustion engine powered vehicles and it is not ready to back out yet!