GM To Inject $76M To Ramp Up Pickup Truck Production; Street Bullish
General Motors plans to invest $76 million in its two US
manufacturing plants to boost the production capacities of its
Chevrolet Silverado and GMC Sierra pickup trucks. GM (GM) intends
to inject $70 million in its Tonawanda, New York engine factory and
over $6 million in its Parma, Ohio metal stamping facility.
According to the company, “The Tonawanda investment will be used to
increase capacity on the engine block machining line and the Parma
investment will be used to construct four new metal assembly cells
to support increased truck production volumes.