GM investing $24M to boost full-size truck production
The investment will help GM keep up with crew cab demand.
General Motors announced on Thursday that it's spending $24 million to upgrade its full-size pickup truck plant in Fort Wayne, Indiana.
The investment, which will be used to upgrade the plant's conveyors and other tolling, will help increase production of the Chevrolet Silverado 1500 and GMC Sierra 1500. GM says the plant upgrades will be particularly helpful in boosting production of hot-selling crew cab models.
"We are building Chevrolet and GMC crew cab pickups at record volume and mix levels to meet customer demand and the $24 million investment will allow us to build even more,” said Mary Barra, GM chairman and CEO. "Crew cab sales have been very strong, and we are expanding customer choice with new models, more cab choices and innovative new powertrains.”
So far this year crew cab truck sales have jumped by about 20 percent. GM predicts sales will be increasing at an even higher rate by the end of the year.
The plant upgrades are scheduled to be completed by the end of the summer.