An all-electric pickup truck and an advanced battery system will be part of the ...
DETROIT - An all-electric pickup truck and an advanced battery system will be part of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers.
GM said on Saturday it would make investments in eight facilities in four states, but did not specify timing, location or products other than the electric pickup and a battery cell plant. GM also is expected to update plants in Michigan, Tennessee and Missouri to build redesigned versions of its midsize pickups and crossovers, according to a GM source. The company said it will invest in “additional new vehicle and propulsion programs,” but said nothing about opening new plants.
Over the past three years, GM has spent an average $8.45 billion a year on capital expenditures. Most of that investment was made in North America, another GM source said.
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