General Motors may invest $1 billion in its Missouri assembly plant in US
General Motors is considering a $1 billion investment at its Missouri assembly plant where it builds vans and trucks, state officials said on Thursday.
General Motors is considering a $1 billion investment at its Missouri assembly plant where it builds vans and trucks, state officials said on Thursday. Missouri Governor Mike Parson told the St. Louis Post-Dispatch that GM, in a closed-door meeting, had outlined a plan to invest in the plant and add jobs.
Parson told the newspaper that GM is seeking a package of state incentives that would need approval from the legislature before committing to the project to expand its Wentzville plant, which builds the midsize Chevrolet Colorado and GMC Canyon pickup trucks, Chevrolet Express Cargo van and GMC Savana full-size van.
State Senator Bob Onder in a Twitter post praised the plan. "I am excited that @GM is considering investing $1 billion dollars in our Wentzville Community! This would extend a decades long relationship between this great company and the great people of St. Charles County," he wrote.
GM declined to confirm the investment, but said in a statement it appreciated "the willingness of state officials in Missouri to work with us on potential opportunities within the state."
Assembly Elections 2023 Exit Polls: Check when and where to view result predictions for Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Mizoram election
Loan Against LIC Policy: If high interest rate and poor Cibil score bother you for taking personal loan; try out this LIC option
India vs Australia 4th T20I Free Live Streaming: When and Where to watch IND VS AUS T20I series Match LIVE on Mobile Apps, TV, Laptop, Online
Rajasthan Assembly Election Exit Polls Results 2023 LIVE: BJP holds edge in close fight with Congress in Rajasthan — Check BJP, Congress seat projection
Telangana Assembly election 2023: Will BRS retain its power for a third time? Check latest voting updates, date of counting, results announcement of 119 Assembly seats
Madhya Pradesh Election Exit Polls Results 2023 Live: Congress and BJP neck and neck in Madhya Pradesh; Check BJP, Congress seats
There has been speculation GM may build a new mid-size body-on-frame SUV based off the Canyon and Colorado chassis. Automotive News reported in 2016 that industry officials believed GM was considering the plan to complete with Fiat Chrysler`s Jeep brand.
GM has come under criticism in Washington after it announced in November plans to idle five North American plants and cut up to 15,000 jobs. Since then, GM has announced some new US investments.
GM said in March it planned to invest $1.7 billion in its US plants, adding 700 new jobs, including $300 million at its Orion assembly plant in suburban Detroit. It announced last week that it will add a second shift at its Bowling Green, Kentucky, assembly plant and add 400 jobs where it builds the Chevrolet Corvette.