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GM invests $ 24 million in Fort Wayne GM facilities




FORT WAYNE, Ind. (WPTA21) – General Motors invests in its Fort Wayne truck assembly plant.

The $ 24 million investment is designed to produce more of a very popular pickup model.

GM's Chairman and CEO stepped down from the Detroit headquarters to announce the investment to improve factory carriers and other tools to support increased production of all-new Chevy Silverado 1500 and GMC Sierra 1500 especially 4 door cage cab models.

The investment is not expected to increase workers at the facility or employee.

Although this does not seem to be a major benefit to the local economy, there are two things to remember about the investment.

It increases the value of the plant, theoretically driving up the property tax GM must pay to Allen County.

Also some investment like this further cement GM's footprint in the community.

Jeff Neumeyer contributed to this report. [1[ads1]9659009]



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