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General Motors Investing Big Time In Trucks

General Motors says it is lining up $328 million for its Flint, Mich., plant to build the next generation of Chevrolet and GMC full-size pickups.

The plant, which builds the heavy-duty versions of the Chevrolet Silverado and GMC Sierra, has 2,047 employees, and the investment is expected to create or retain 150 jobs, GM says.

"This investment will allow us to continue building award-winning full-size pickups that offer better fuel efficiency than ever before without sacrificing features and functionality," said Cathy Clegg, GM's vice president of labor relations. "We remain committed to providing customers the utility and capability of our world-class full-size pickups."

The investment is part of $2 billion that GM is spending to create or keep about 4,000 jobs in 17 facilities over the next 18 months. GM, which has just over 40% of the full-sized pickup market, is expected to start production of the new trucks in summer 2013 as 2014 models.

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