This story was originally published in the St. Louis Business Journal on December 13, 2019.
Jacob Kirn | St. Louis Business Journal
“General Motors said Friday it will invest $1 billion in its Wentzville plant and retain about 4,000 jobs “to bring its next generation of midsize pickup trucks to market.”
It said the total investment would be $1.5 billion, though details weren’t given, including a timeline. As part of a contract reached in October with the United Auto Workers, it was revealed that GM would make the investment and keep at least 2,000 jobs for four years, leading to concern because the state authorized a $50 million subsidy deal with the automaker. GM said Friday that the plant, where its Chevrolet Colorado, GMC Canyon, Chevrolet Express and GMC Savana are built, currently employs about 4,000 hourly and 330 salaried employees…”Read More