GM Assembly Plant Receives $275-Million Investment

By Maureen Mespell
By Scott Sarvay
By Jeff Neumeyer

October 26, 2011 Updated Oct 26, 2011 at 4:13 PM EST

FORT WAYNE, Ind. (Indiana’s NewsCenter) – It's now official; Fort Wayne's General Motors truck plant will soon see its biggest expansion since the plant was first built 25 years ago.

There was no public event, with no local UAW officials made available for comment.

But the announcement ensures that Fort Wayne figures heavily into General Motors' future plans.

GM confirmed it is making a $275-million investment at the local factory, so it can be re-tooled to build the automaker's next generation of GMC Sierra and Chevy Silverado pickups.

The original word in September forecast a $230-million investment.

Local car dealer Tom Kelley says last month in Las Vegas he approached GM's CEO Dan Ackerson at a Cadillac meeting, looking for some answers.

Tom Kelley/GM Car Dealer: " I said, when are you going to make the announcement in Fort Wayne? He just sort of looked at me and said, don't worry, you'll be all right. He wouldn't give me any firm commitment. I'm sure they had their reasons. But even though we all thought it was a sure thing, there's no such thing as a sure thing until it's a sure thing. So, we're glad to get that anticipation over with.”

GM claims the move will create or retain 150 jobs at the plant, most likely the emphasis will be on retaining jobs.

This announcement is the last of 17 investments rolled out by GM since May, totaling $2-billion.

This is the second largest of those investments.

GM employs more than 3,400 people at Fort Wayne Assembly, paying nearly $48-million in annual payroll taxes.




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