GM to Pump in $1.2 billion in its Fort Wayne Facility

Scaling new heights ever since its federal bailout in 2008, General Motors has added another feather to its cap. The company announced on Tuesday, that it would make an investment of $1.2 billion in its Fort Wayne, Indiana assembly plant.

General Motors Company, commonly known as GM, is an American multinational corporation headquartered in Detroit, Michigan, that designs, manufactures, markets and distributes vehicles and vehicle parts. Presently, GM produces vehicles in 37 countries under thirteen brands.

The Fort Wayne facility, which is as old as three decades, has been rolling out the company's highly profitable Chevrolet Silverado and GMC Sierra full-size pickup trucks. Since its inception in 1989, the plant has assembled full- size pickup trucks. Today, to keep up with the phenomenal demand of Silverado and Sierra, the around 4,000 workers at the facility, are working across three shifts, including many Saturdays.

With the money GM is bringing in, it plans to build a paint shop, expand the body shop and install new technology designed to boost productivity at its plant. This would create hundreds of construction jobs at the plant, adding greater funds to the present $324 million that it pours into the local economy. The improvement work on the plant is expected to begin in June and might take a couple of years to finish.

The anticipated move by the automobile manufacturer will help fulfill the mission of the workers at the Fort Wayne assembly, that is to deliver top quality trucks. The investment will enable a better paint finish and more customized paint options for GM's customers. The investment also includes new skillet conveyor systems to ease installation of instrument panels.

What is worth mentioning is the fact that, the investment would allow GM to continue contributing to the community. Presently, GM is investing $5.4 billion to upgrade 40 factories in the U.S., which would surely see an increase with greater funds being pumped.