General Motors Co. (NYSE: GM) has detailed plans to invest $24 million into its Fort Wayne Assembly Plant to boost full size truck production. The automaker says sales of the Chevrolet Silverado 1500 and GMC Sierra 1500 crew cab pickups, which increased a combined 20 percent in the first quarter of 2019 over the previous year, is fueling the growth. GM says, including today’s announcement, it has invested more than $1.2 billion in the plant since 2015.
GM Chief Executive Officer Mary Barra, who was on-hand for this morning’s announcement, says the Fort Wayne Assembly Plant team "has done an outstanding job helping us satisfy customers throughout this launch." She says the launch of the new Silverado and Sierra models "was very smooth and the quality has been exceptional."
The automaker says the investment will upgrade the plant’s conveyor system and other equipment. GM expects the work to be complete this summer.
GM Chief Executive Officer Mary Barra says the northeast Indiana plant has been a success story for the automaker.