General Motors on Monday announced it will invest $3 billion for production of 'a variety' of all-electric trucks and SUVs, as well as the automaker's recently-unveiled Cruise Origin autonomous vehicle.
The investment will include $2.2 billion at GM's Detroit-Hamtramck plant in Michigan — the company's first plant completely devoted to all-electric vehicles — and $800 million in supplier tooling and "other projects related" to the vehicles at several facilities, the automaker said.
"We are truly building the future today," GM President Mark Reuss said during an event Monday at Detroit-Hamtramck.under the GMC brand. GM has not confirmed those plans. Production of GM's first all-electric pickup is expected to begin in late 2021, according to the company. Production of the Cruise Origin, which GM and itsGM President Mark Reuss announces a $2.2 billion investment in the automaker's Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020.GM said it expects the Detroit-Hamtramck plant to create more than 2,200 jobs once it's fully operational.
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