Investment will support next-generation truck production in Indiana, bolster GM's manufacturing operations

State and local officials today joined General Motors (NYSE:GM) to announce the company’s plans to invest $632 million in its Fort Wayne Assembly to support the production of the next-generation internal combustion engine (ICE) full-size light-duty trucks. The investment will support the 3,983 employees at the northeast Indiana facility and enable the company to strengthen its full-size truck business over the next several years.

 

“Indiana is proud of its strong partnership with General Motors, and we are thrilled to celebrate their latest investment in northeast Indiana,” said Governor Eric J. Holcomb. “This investment will not only support the production of next-generation trucks, but it will support Hoosier workers. We’re thankful to GM for their commitment to Indiana and look forward to continuing to strengthen that partnership through investments like these.”

 

“Today’s announcement from General Motors represents the seventh GM investment in Indiana since 2021, totaling roughly $1.28 billion,” said Indiana Secretary of Commerce Brad Chambers. “GM is creating high-quality careers for Hoosiers and demonstrating Indiana’s leadership in a dynamic, global economy. Their continued commitment to Indiana is a testament to our pro-growth business climate and to the skilled Hoosier workforce supporting GM’s operations.”
 
GM’s investment in its Fort Wayne Assembly, located at 12200 Lafayette Center Rd. in Roanoke, will support new conveyors, tooling and equipment in the plant’s body and general assembly areas. The investment also bolsters GM’s U.S. manufacturing operations, including more than 50 assembly, stamping, propulsion and component plants and parts distribution centers nationwide. It also highlights the company’s commitment to continue providing customers a strong portfolio of ICE vehicles for years to come.
 
The Fort Wayne Assembly builds the Chevrolet Silverado 1500 and GMC Sierra 1500. GM’s Fort Wayne team members contributed to the 2023 Chevrolet Silverado ranking the best-selling retail full-size light-duty pickup in 2022.
 
"Today we are announcing a significant investment to continue our industry-leading full-size truck business by preparing Fort Wayne Assembly to build the next-generation ICE full-size pickups,” said Gerald Johnson, executive vice president, Global Manufacturing and Sustainability. “This investment furthers our commitment to Indiana and, coupled with the hard work and dedication of our team members, enables us to build world-class trucks that our customers love and provide job security in Fort Wayne for years to come.”
 
Today’s news brings GM’s U.S. manufacturing and parts distribution facility investment commitments to more than $31.6 billion since 2013. GM has announced nearly $2 billion in investments for Fort Wayne Assembly and more than $2.8 billion in Indiana manufacturing operations since 2013.

“GM’s continued commitment to our community is valued and appreciated,” said Fort Wayne Mayor Tom Henry. “In today’s global economy, having the significant presence and growth of GM positions Fort Wayne and Allen County for current and future investments and successes. This public-private partnership assists in providing excellent jobs for residents and enhances the overall quality of life in the communities in northeast Indiana.”

Pending approval from the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will commit an investment in General Motors of up to $1 million in training grants, $200,000 in Manufacturing Readiness Grants and up to $10 million in conditional structured performance payments, based on the company’s investment plans. These investments are performance-based, meaning the company is eligible to claim incentives once investments are made and existing employment is retained.