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<blockquote data-quote="Weather Man" data-source="post: 16541531" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>GM invests in plants to keep up with truck demand</strong></span></p><p>Dec. 14, 2020 2:17 PM ET<a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor<a href="https://seekingalpha.com/news/3644170-gm-invests-in-plants-to-keep-up-truck-demand#comments" target="_blank">2 Comments</a></p><ul> <li data-xf-list-type="ul">General Motors <<GM> >sets plans to invest <a href="https://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2020/dec/1214-investment.html?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">$70M</a> into its Tonawanda, New York engine plant and more than $6M into its Parma, Ohio metal stamping plant.</li> <li data-xf-list-type="ul">The automaker says the two outlays will support continued strong customer and dealer demand for GM's Chevrolet Silverado and GMC Sierra pickups.</li> <li data-xf-list-type="ul">The Tonawanda investment will be used to increase capacity on the engine block machining line and the Parma investment will be used to construct four new metal assembly cells to support increased truck production volumes.</li> <li data-xf-list-type="ul">"GM continues to invest to strengthen our core business and respond to growing customer demand for our full-size pickups," says a top GM exec.</li> <li data-xf-list-type="ul">Tonawanda produces award-winning engines including the 4.3L V-6, 5.3L V-8, and the 6.2L V-8 Ecotec3 family of engines for the Chevrolet Silverado, Suburban and Tahoe, GMC Yukon and Yukon Denali and Cadillac Escalade.</li> <li data-xf-list-type="ul">GM is on a dual path, with a huge investments also going into <a href="https://seekingalpha.com/news/3638049-general-motors-commits-to-even-ev-investments-still-quiet-on-nikola?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">developing the electric vehicle part of the business</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16541531, member: 137766"] [size=6][b]GM invests in plants to keep up with truck demand[/b][/size] Dec. 14, 2020 2:17 PM ET[URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor[URL='https://seekingalpha.com/news/3644170-gm-invests-in-plants-to-keep-up-truck-demand#comments']2 Comments[/URL] [LIST] [*]General Motors <<GM> >sets plans to invest [URL='https://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2020/dec/1214-investment.html?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']$70M[/URL] into its Tonawanda, New York engine plant and more than $6M into its Parma, Ohio metal stamping plant. [*]The automaker says the two outlays will support continued strong customer and dealer demand for GM's Chevrolet Silverado and GMC Sierra pickups. [*]The Tonawanda investment will be used to increase capacity on the engine block machining line and the Parma investment will be used to construct four new metal assembly cells to support increased truck production volumes. [*]"GM continues to invest to strengthen our core business and respond to growing customer demand for our full-size pickups," says a top GM exec. [*]Tonawanda produces award-winning engines including the 4.3L V-6, 5.3L V-8, and the 6.2L V-8 Ecotec3 family of engines for the Chevrolet Silverado, Suburban and Tahoe, GMC Yukon and Yukon Denali and Cadillac Escalade. [*]GM is on a dual path, with a huge investments also going into [URL='https://seekingalpha.com/news/3638049-general-motors-commits-to-even-ev-investments-still-quiet-on-nikola?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']developing the electric vehicle part of the business[/URL]. [/LIST] [/QUOTE]
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