General Motors makes $328M investment
Flint, Mich. plant to keep or add 150 jobs: GM
FLINT, Mich.—General Motors is investing $328-million into its Flint, Mich. plant.
The investment is expected to sustain or create 150 jobs at the 2,047-employee facility, which currently builds the Chevrolet Silverado and GMC Sierra.
The carmaker says it is gearing up to produce its next generation Chevrolet and GMC full-size pick-up trucks.
Tom Wickham, the plant’s communications manager, wouldn’t give a breakdown of how the $328 million would be spent, but said “it’s safe to say that when you redesign a vehicle you need to update equipment throughout an assembly plant, including the body shop.”
This is the most recent of a total $2 billion worth of investments that GM is making across 17 U.S. facilities over the next 18 months.
Altogether, the spending is expected to retain or add 4,000 jobs.
Michigan has been a major beneficiary in the current round of investments, designated for $744 million.
The Flint Engine, Bay City Powertrain, Detroit-Hamtramck Assembly, Lansing Grand River Assembly, Saginaw Powertrain and GM Components Holdings in Wyoming, Mich., all were designated for manufacturing investment along with a $130 million Data Center on its Warren, Mich. Technical Center campus.
GM’s retail share of the full-size pickup market was 40.4 per cent through May—up from 37.7 per cent in the first five months of 2010.
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