GM Invests US$275 Million in Ft. Wayne Plant to Build New Chevy and GMC Full-Size Pickup Trucks

General Motors announced on Wednesday that it plans to invest approximately US$275 million at its Fort Wayne assembly plant in Indiana to build the next generation of GMC and Chevrolet full size pickup trucks.

The latest investment is part of a US$2 billion plan that was announced back in May, which will create or retain around 4,000 jobs in 17 of GM’s U.S. factories over the next 18 months.

Read more »

GM Idles Pickup Production Once Again to Reduce Inventory

General Motors announced that it will temporarily halt production at its Fort Wayne plant in Indiana for the week starting November 7, in order to reduce its inventory of pickup trucks models.

This is not the first time that GM has stopped production at the plant where the Chevrolet Silverado and GMC Sierra are manufactured. Even though pickup sales in the US have increased from January until August by 9% to 1.1 million units, compared to the same period last year, GM seems to have badly misjudged demand for its models, resulting in an inventory of 122-days.

Read more »