General Motors Investing $24 Million in Indiana Plant to Increase Pickup Production
May 30 2019 - 12:33PM
Dow Jones News
By Allison Prang
General Motors Co. (GM) plans to invest $24 million in its
assembly plant in the Fort Wayne, Ind., area to boost production of
pickup trucks.
The company said Thursday it is making the investments to drive
more production of its Chevrolet Silverado 1500 and GMC Sierra 1500
pickups.
GM said it is investing in conveyers and other tooling at the
plant and that the upgrades will be finished this summer.
Together, the sales of both crew cab pickup models rose 20% in
the first quarter of this year compared with a year earlier, GM
said, adding that it expects "another significant increase for the
second quarter" as well.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 30, 2019 12:18 ET (16:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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