General Motors has announced its final factory investment, a $275 million spend on the Fort Wayne, IN, plant that assembles full-size pickups.

Back in May, the General promised it would be spending $2 billion on factory investments over the next year and a half. A series of announcements followed, with upgrades promised to the Chevrolet Corvette factory in Bowling Green, KY, engine plants in Flint and Bay City, MI, and a powertrain facility in Toledo, OH, among others. Most of GM's money will be saying close to home in the Midwest, with over $1.4 billion spent in Michigan, Indiana and Ohio.

Today's announcement follows a previous earmark for production of the next-generation Chevrolet Silverado and GMC Sierra pickups. GM had already confirmed $328 million for Flint Assembly. Previous reports have indicated that GM will launch its redesigned pickups as 2013 models.

For the entire press release, click past the jump.
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GM Invests $275 Million in Ft. Wayne Assembly Plant
Supports next-generation full-size pickups and creates or retains 150 jobs


2011-10-26

FT. WAYNE, Ind. – General Motors will invest approximately $275 million to prepare its plant here to build the next generation of Chevrolet and GMC full-size pickup trucks, creating or retaining 150 jobs.

The plant, which currently has 3,400 employees on three shifts, builds the Chevrolet Silverado and GMC Sierra full-size pickups.

The investment announced today is the last announcement of the $2 billion GM announced in May 2011 that will create or retain about 4,000 jobs in 17 facilities in eight states over the next 18 months.

"This investment will allow us to continue building award-winning pickups that offer better fuel efficiency than ever before without sacrificing features and functionality," said Larry Zahner, GM manufacturing manager. "We remain committed to providing customers the utility and capability of our world-class full-size pickups."

September was a very good month for GM's full-size pickup trucks. GMC Sierra sales were up 26 percent and Chevrolet Silverado sales were up 36 percent. Sales of GM full-size pickups have increased month over month since July, contributing to a year-to-date market share gain of about one full point.

"Today's announcement is great news for the hard-working members of UAW Local 2209," said Joe Ashton, UAW vice president, representing the GM Department. "Our members' experience and knowledge will ensure that this next generation of trucks will exceed the expectations of our customers. This is an important vehicle program for GM and the decision to locate the work in Fort Wayne demonstrates our mutual commitment to making GM a great American company."

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.


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    • 1 Second Ago
  • 14 Comments
      whofan
      • 3 Years Ago
      The Auto bail outs is the best money our Government invested in for a long time. Proof we should look out for ourselves. Want to complain about tax dollars wasted target the Iraq war. Find our the price tag and return on that one. God bless GM!
        Dean Hammond
        • 3 Years Ago
        @whofan
        couldnt agree more...we SHOULD look after oursleves first and foremost....yet we are the first to offer aid elsewhere....and not that I think thats bad either, but its time we focused on the issues we have here. And without the big three ( well 2 1/2 now Dodge is basically an italian company ) the country would be in even more strife. Anyways, cant wait to see what is in store truck wise Next generation. Wonder if Chevy will follow Fords drivetrain trends....if so, theres a few critics here that need to order some side salads for their Crow....irrespective though, its win win for the consumer...
        spa2nky1
        • 3 Years Ago
        @whofan
        Glad to see it wasn't a troll getting first comment in!
        Renaurd
        • 3 Years Ago
        @whofan
        Thank you for your common sense post, too many believe we can survive and remain strong without an industrial base, we can not. The American Auto Industry is the very core of what was the greatest industrial country on earth, I too am glad it was saved.
      froggy
      • 3 Years Ago
      What a wonderfully cliche' american photo - an obese car that belongs in the overconsuming past being built by a fat man! Love it :) When will you lot learn? Funny stuff.
        jtav2002
        • 3 Years Ago
        @froggy
        Stop being stupid froggy. Many people need and use trucks. Good luck towing a boat and then going off raoding with the same vehicle if you have a Ute. There's a reason where the trucks are actually....trucks and not cars with beds in areas where people actually use them. I don't have a problem with the Ute's, but they're not to be compared with a real truck.
          froggy
          • 3 Years Ago
          @jtav2002
          Just wondering what is so special and unique about the Seppos that you need all these monster trucks? We do just fine down here without them, and we are a considerably more rural country! In all my travels around the US, I very very very very rarely saw one of those things dirty, let alone actually loaded! Lots of them blinged up with stupid wheels and blaring ganster rap though... Face it - you're just addicted to the ego rush you get with the size. Get over it, move on - your country does not have special needs against the rest of the world (although its partially understandable as most seppos dont know there is a rest of the world...) and they have no place in a carbon constrained economy.
      Walt
      • 3 Years Ago
      Pickup trucks are uniquely American, having been first offered by Ford in 1925. That's 86 years of refining the product to best meet consumer needs. Nissan and Toyota gave pickups their best shot - and where well wide of the mark, which is to be expected since they have no home market equivalent. Will they get better? Perhaps. Will the domestics truck makers always dominate this market by offering a superior product? You can count on it!
      Luke
      • 3 Years Ago
      Uh-oh...getting all political up in here! The only thing that the current GM truck has going for is it is that the Titan ('04) is an older design than it is. This truck really is due for an appearance upgrade, as Ford will be very close to releasing an update to the F150 around this point, perhaps a year after (2013 as a '14 model). I can't imagine Toyota and Ram will be too far behind, either...and Nissan for that matter. Looking forward to seeing what they do with the body...and the engines.... Next few years should make for some fun truck watching.
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