Autos

GM investing $3 billion to produce all-electric trucks, autonomous vehicles

Key Points
  • GM on Monday announced it will invest $3 billion for production of "a variety" of all-electric trucks and SUVs, as well as an autonomous vehicle.
  • The investment will include $2.2 billion at GM's Detroit-Hamtramck plant in Michigan — the company's first plant completely devoted to all-electric vehicles — and $800 million in supplier tooling.
  • The all-electric truck production is expected to include a Hummer pickup under the GMC brand.
Cruise Origin driverless shuttle
Cruise

DETROIT — General Motors on Monday announced it will invest $3 billion for production of "a variety" of all-electric trucks and SUVs, as well as the automaker's recently unveiled Cruise Origin autonomous vehicle.

The investment will include $2.2 billion at GM's Detroit-Hamtramck plant in Michigan — the company's first plant completely devoted to all-electric vehicles — and $800 million in supplier tooling and "other projects related" to the vehicles at several facilities, the automaker said.

"We are truly building the future today," GM President Mark Reuss said during an event Monday at Detroit-Hamtramck.

The all-electric truck production is expected to include a Hummer pickup under the GMC brand. GM has not confirmed those plans.

Production of GM's first all-electric pickup is expected to begin in late 2021, according to the company. Production of the Cruise Origin, which GM and its Cruise autonomous vehicle unit unveiled last week in San Francisco, will follow "soon" after.

GM President Mark Reuss announces a $2.2 billion investment in the automaker's Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020.
Michael Wayland / CNBC

GM said it expects the Detroit-Hamtramck plant to create more than 2,200 jobs once it's fully operational.

Detroit-Hamtramck currently builds the Chevrolet Impala and Cadillac CT6. The CT6 is ending production this week, followed by the Impala at the end of next month. The plant will be idled "for several months" beginning at the end of February for retooling.

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