Jan 27, 2020 - Economy

GM to invest $2.2 billion to revamp Detroit plant for electric production

Mary Barra, Chairman and CEO of General Motors

GM CEO Mary Barra. Photo: Bill Pugliano/Getty Images

GM will detail plans Monday to invest $2.2 billion to retool its Detroit-Hamtramck plant for production of electric and autonomous vehicles, per multiple reports.

Driving the news: The vehicles include the Cruise Origin, which is the 6-passenger, driverless electric van unveiled last week.

  • The plant's lineup after a 12–18 month overhaul is also "said to include the return of Hummer vehicles branded under GMC, and possibly an electric GMC Sierra and Cadillac Escalade," the Detroit News reports.
  • The paper notes that a senior GM exec, in a letter to employees Friday, said the plan includes "electric pickups, SUVs and AVs."

Why it matters: It signals that GM plans to make Detroit a key hub for those technologies in the years ahead.

  • "The investment brings with it 2,200 jobs at a plant targeted for closure before it found new life during tense negotiations over the course of a six-week strike by the United Auto Workers union last fall," per the Detroit News.

Go deeper: Cruise says new self-driving van will save passengers $5,000 a year

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