GM Will Invest $1.5 Billion to Produce Its Next-Generation Chevrolet Colorado and GMC Canyon
General Motors on Friday confirmed it’d make investments $1.5 billion to provide its next-generation Chevrolet Colorado and GMC Canyon midsize pickups.
GM is placing $1 billion of that into its Wentzville truck plant in Missouri for upgrades and $500 million to retool its suppliers’ factories in accordance with GM. The company declined to comment on when the redesigned trucks will go on sale, nevertheless retooling the plant is expected to begin later this month and continue for a number of months. A company spokesman stated GM expects there to be “minimal downtime” on the plant during the work.
The Wentzville plant is certainly one of a handful of GM’s U.S. assembly plants that function on three, around-the-clock shifts. Continuing manufacturing of the vehicles is a high-priority, particularly with introductions of new midsize pickup opponents from Ford Motor and Fiat Chrysler in the past year or so.
The plant’s paint shop, body shop and general assembly areas will receive upgrades that include new machines, conveyors, controls and tools
An investment for the plant has been expected for a while because the vehicles haven’t been totally redesigned since GM reintroduced midsize pickups within the U.S. in 2014. The fresh investment was recently confirmed as a part of GM’s commitment to invest $7.7 billion in current U.S. manufacturing operations under a four-year deal ratified by UAW members in October.
The modifications will help retain roughly 4,000 jobs on the plant, including 2,000 for midsize truck production, GM stated. The facility also produces the Chevrolet Express and GMC Savana full-size vans.