trending Market Intelligence /marketintelligence/en/news-insights/trending/JIUD26f3MNTncRzFl8HCCg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

GM to invest $1.5B in pickup trucks, plant in Missouri

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

GM to invest $1.5B in pickup trucks, plant in Missouri

General Motors Co. will invest $1.5 billion to build next-generation midsize pickup trucks and upgrade its Missouri truck plant, the automaker announced Dec. 13.

GM will use $1 billion to upgrade its plant in Wentzville, Mo., to prepare for the new truck production. This includes upgrades to the plant's paint shop, body shop and general assembly areas. New machines, conveyors, controls and tooling will be added, GM said.

The investment is expected to retain approximately 4,000 U.S. manufacturing jobs at the plant, the automaker said.

The remaining $500 million of the investment will be used to purchase supplier tooling and machinery, a GM spokesperson told S&P Global Market Intelligence.

"Through this investment, General Motors is making a firm commitment to the State of Missouri, the City of Wentzville and the GM Wentzville team," GM President Mark Reuss said in the news release. "This is part of our comprehensive strategy to invest in growth areas and strengthen our U.S. manufacturing base. GM sells more pickups than any other automaker and we have aggressive plans to build on our strengths."

The Wentzville plant builds the Chevrolet Colorado and GMC Canyon midsize pickup trucks as well as the Chevrolet Express and GMC Savana full-size vans.

In November 2018, GM announced that it would cut car production and reduce its workforce as part of a restructuring plan as consumer preferences shifted to larger vehicles.