GM has announced plans to invest $328 million in its plant in Flint, Michigan to produce the next generation Chevy and GMC full-size pickups. The investment will also create or retain 150 jobs.
The Flint assembly plant currently employs 2,047 employees and builds the heavy-duty versions of the Chevy Silverado and GMC Sierra.
“This investment will allow us to continue building award-winning full-size pickups that offer better fuel efficiency than ever before without sacrificing features and functionality,” said Cathy Clegg, GM vice president of Labor Relations. “We remain committed to providing customers the utility and capability of our world-class full-size pickups.”
Sales of the new-for-2011 trucks have led to an additional 2.4 percentage points of market share, through May, bringing GM’s total HD share to 36 percent. GM’s retail share of the full-size pickup market has grown 40.4 percent through May compared to 37.7 percent in the first five months of 2010.
“Truck sales play an important role in the success of General Motors,” said Joe Ashton, UAW-GM Vice President. “We are confident that the next-generation of trucks will continue to be an important source of revenue for the company and jobs for our members. Our members are ready to use their abundant talents to build high-quality trucks that deliver exceptional value to our customers.”
