General Motors is expected to announce some positive manufacturing news after months of not-so-positive announcements the company has made. CEO Mary Barra is expected to announce a new investment into an existing assembly plant for the production of electric vehicles.
According to Reuters the automaker will announce a $300 million investment into its Orion Assembly Plant in the metro Detroit area. The plant already produces the Chevrolet Bolt EV and Cruise AV electric vehicles, but today’s announcement is expected to confirm another new battery-electric vehicle headed for production at the plant. Nearly a year ago GM announced a $100 million investment into Orion to produce the autonomous Cruise AV product.
The new vehicle will be a Chevrolet model based on the same architecture as the Bolt EV. Sources have not disclosed details of the new product or the timeline in which it will come to market.
Today’s announcement is expected to leverage the still-unsigned North American free trade deal known as USMCA as the reasoning for the investment. GM executives are expected to state that this new Chevrolet product was originally going to be produced in China, but the USMCA has changed their mind. This approach is unquestionably an attempt to earn some goodwill with politicians and President Donald Trump after announcements of plant closing in recent months.
Sources also state the Orion plant is slated to produce electric vehicles based on GM’s new BEV3 architecture, but not until 2023.