GM to invest $2.2 billion at Detroit factory to make electric vehicles, SUVs
General Motors Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan, U.S. November 26, 2018. REUTERS/Rebecca Cook
(Reuters) – General Motors Co will invest $2.2 billion in its Detroit-Hamtramck meeting plant to construct electric vehicles and sport utility autos, a transfer that will create 2,200 jobs, the No.1 U.S. automaker stated on Monday.
The firm stated its first electric truck can be a pickup, whose manufacturing will start late subsequent yr and can be adopted by a self-driving car, Cruise Origin.
GM final week reut.rs/30V6MfE unveiled a prototype of a driverless car for ride-sharing service.
Reuters had reported final yr that GM plans to construct a brand new household of premium electric autos at the plant starting late 2021, presumably reviving its Hummer model. The firm had stated it will invest $7.7 billion in its U.S. vegetation over the following 4 years.
The Detroit-Hamtramck plant at the moment operates one manufacturing shift and builds the Cadillac CT6 and the Chevrolet Impala sedans.
The plant can be idled for a number of months at the top of February as GM begins renovations for the manufacturing of electric vehicles and SUVs.
Ford can be anticipated to start constructing premium electric pickups in late 2021 at a Detroit-area meeting plant. Ford and GM anticipate annual electric truck manufacturing to hit round 40,000 items by 2024, analysts have stated.
Reporting by Ankit Ajmera in Bengaluru; Editing by Vinay Dwivedi and Arun Koyyur