GM investment in Oshawa just one of four huge announcements from the company this month

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Published June 14, 2023 at 1:27 pm

The $280 million GM will sink into the Oshawa Assembly plant to build the next generation of internal combustion engine trucks is the smallest of four huge investments the Detroit-based auto manufacturer announced this month to support production of traditionally-powered vehicles, with the mandate to go all-electric still a dozen years away.

General Motors just announced that it will invest $632 million into its Fort Wayne assembly plant in Indiana to continue building full-size light-duty trucks (Chevrolet Silverado and GMC Sierra 1500s), with the money used for new conveyors, tooling, and equipment in the plant’s body and general assembly areas. The brings investment for the Fort Wayne plant and its Indiana-area operations to $2.8 billion since 2013.

GM is also investing more than $1 billion for its Flint Assembly and Flint Metal Center manufacturing sites to support heavy-duty truck production, as well as $500 million for the Arlington to support production of the company’s next-gen full-sized SUVs.

The announcements come as the company’s stock rose this week to $36.23 a share, an increase of $1.95 per share, or 5.69 percent.

GM Oshawa produces Chevy Silverado heavy-duty and light-duty trucks.

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