General Motors announced today that it will invest a total of $328 million at its plant in Flint, Michigan. The investment is being made to prepare the plant to build the next-generation of Chevrolet and GMC full-size pickup trucks. The investment is expected to create or keep 150 jobs.
The plant currently employs 2,047 employees and builds heavy-duty versions of the Chevrolet Silverado and GMC Sierra.
“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 said in a statement.
“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.”
The investment announced Monday is part of $2 billion investment GM is making to create or retain about 4,000 jobs in 17 facilities in eight states over the next 18 months.