GM investing $150 million in Flint assembly plant
General Motors is investing $150 million to boost production at its Flint assembly plant. Company officials made the announcement at the plant on Wednesday.
The plant produces the automaker’s profitable heavy duty pick-up trucks. GM announced earlier this year that it would add another 1,000 jobs in Flint for the rollout of the 2020 Chevrolet Silverado and GMC Sierra.
In Flint Wednesday, GM President Mark Reuss said it’s important for the automaker to minimize logistical costs across its supply chain.
“That’s why we put this kind of money into Flint,” Reuss told reporters. “We want to make this pay for a long time.”
GM has been making similar investments in other plants.
At the same time, the automaker is ending production at five North American plants as part of a restructuring plan. The plan is expected to save the company $6 billion.