GM to spend $2.2 billion on making electric trucks and SUVs at Detroit factory

GM to spend $2.2 billion on making electric trucks and SUVs at Detroit factory

Monitoring Desk

DETROIT: General Motors Co will invest $2.2 billion in its Detroit-Hamtramck assembly plant to build electric trucks and sport utility vehicles, the No.1 US automaker said in a statement on Monday.

Reuters reported last year that GM plans to build a new family of premium electric vehicles at the plant beginning late 2021, possibly reviving its Hummer brand.

GM had planned a total investment of $7.7 billion across its US plants over the next four years.

The investment at the Detroit plant will create more than 2,200 US manufacturing jobs, GM said.

The company’s Detroit-Hamtramck plant currently operates one production shift and builds the Cadillac CT6 and the Chevrolet Impala sedans.

The plant will be idled for several months at the end of February, as GM starts renovations for the production of electric trucks and SUVs late next year.

Ford is also expected to begin building premium electric pickups in late 2021 at a Detroit-area assembly plant. Ford and GM expect annual electric truck production to hit around 40,000 units by 2024, analysts have said. (Reuters)

Posted in