State officials recently proclaimed that General Motors (GM) might invest about $1 Billion at its Missouri assembly factory. This is the same factory where the firm carries out its vans and trucks manufacturing. Mike Parson, Governor, Missouri, told the St. Louis Post-Dispatch that GM had sketched out a strategy in a closed-door meeting. This strategy by the firm is intended to show investment in the factory and add more jobs in the region.
Parson told the regional newspaper that GM is looking for a package of state incentives. Reportedly, this package might need government approval before committing to the plan for its Wentzville factory development. The same factory builds GMC Canyon pickup trucks, Chevrolet Colorado, Chevrolet Express Cargo Van, and GMC Savana full-size van. In a Twitter post, Bob Onder, State Senator, praised the latest plan by the firm. GM refused to confirm the investment.
On a similar note, GM came into the news as it confirmed its plans to roll out an electric pickup in the upcoming years. However, at present, the firm is not ready to reveal the details regarding this plan. Mary Barra, CEO, GM, recently disclosed this news during the automaker’s first-quarter earnings call. He proclaimed that a full-size pickup was said to be a part of the full range of electric vehicles that the firm holds in progress.
By the time once the latest electric pickup is open for sale, it is supposed to compete with the earlier announced electric Tesla pickup and Ford F-150. Ram has yet to disclose any company intentions to manufacture an all-electric model. By the end of 2020, Ford-supported Rivian is planned to have a battery-powered midsize truck in manufacturing. GM has already produced one electric pickup. This vehicle used a hydrogen fuel cell to produce electricity rather than a big battery pack.