GM to Invest $2.2B in Assembly Plant

Jan. 29, 2020—General Motors (GM) will invest $2.2 billion in its Detroit-Hamtramck assembly plant to build electric trucks and sport utility vehicles, reported Reuters. The Detroit-Hamtramck plant currently operates one production shift and builds the Cadillac CT6 and the Chevrolet Impala sedans.

The investment could create about 2,000 jobs.

The company said its first electric truck will be a pickup, whose production will begin late next year and will be followed by a self-driving vehicle, Cruise Origin.