In a sign of the zero-sum times, there are no jobs added with the investment.
General Motors Co. (NYSE: GM) is making new changes to its Fort Wayne Assembly plant to increase production of the Chevrolet Silverado 1500 and GMC Sierra 1500 pickups – largely crew cab models. However, no new jobs have been created by the latest changes.
Combined sales of the Chevrolet Silverado 1500 and GMC Sierra 1500 crew cab pickups, which launched in the second half of 2018, were up a claimed 20% in Q1 of 2019 versus a year ago. However, total sales of Silverado and Sierra were off 15%.
In total, GM sales in the first quarter of 2019 were down 7% year-over-year at 665,840 vehicles, with a selling mix of trucks, SUVs and crossovers above 8o%. Management appears to be having trouble adjusting to the market.
GM is projecting another crew cab increase for the second quarter. Customer deliveries of the double-cab models built in Fort Wayne began during the first quarter.
The $24 million will be invested to enhance the plant’s conveyors and other tooling to support the increased production. The work will be completed this summer. With today’s announcement, GM has invested more than $1.2 billion in the plant since 2015.
Since 2009, GM says it has invested $23 billion in U.S. manufacturing – more than one-quarter of every dollar spent by automakers.
AutoInformed on GM
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
GM to Invest $24m Expanding Full-Size Truck Production
In a sign of the zero-sum times, there are no jobs added with the investment.
General Motors Co. (NYSE: GM) is making new changes to its Fort Wayne Assembly plant to increase production of the Chevrolet Silverado 1500 and GMC Sierra 1500 pickups – largely crew cab models. However, no new jobs have been created by the latest changes.
Combined sales of the Chevrolet Silverado 1500 and GMC Sierra 1500 crew cab pickups, which launched in the second half of 2018, were up a claimed 20% in Q1 of 2019 versus a year ago. However, total sales of Silverado and Sierra were off 15%.
In total, GM sales in the first quarter of 2019 were down 7% year-over-year at 665,840 vehicles, with a selling mix of trucks, SUVs and crossovers above 8o%. Management appears to be having trouble adjusting to the market.
GM is projecting another crew cab increase for the second quarter. Customer deliveries of the double-cab models built in Fort Wayne began during the first quarter.
The $24 million will be invested to enhance the plant’s conveyors and other tooling to support the increased production. The work will be completed this summer. With today’s announcement, GM has invested more than $1.2 billion in the plant since 2015.
Since 2009, GM says it has invested $23 billion in U.S. manufacturing – more than one-quarter of every dollar spent by automakers.
AutoInformed on GM
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.