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GM: $1 billion revamp pickups
GM said to plan $1 billion revamp to overhaul aging pickups
Posted on Wednesday, January 13th, 2010 at 12:51 PM EST.(Employee News)
General Motors Co. will spend as much as $1 billion updating its full- size pickup trucks, a person familiar with the situation told Bloomberg.
The company will change designs and make crash-protection improvements, said the person, who declined to be identified because the budget is confidential, the news service said. GM has approved plans to revamp its Chevrolet Silverado and GMC Sierra trucks, including interior and design changes, spokesman Scott Fosgard said in Detroit late yesterday, but he declined to comment on how much the program would cost, the Bloomberg said.
The automaker delayed a redesign of its profitable pickups in its unsuccessful effort to avoid bankruptcy because of the costs involved in retooling plants for new models, the report said. The automaker’s current range of pick-ups hasn’t been updated since the 2006 model year, making them the oldest truck designs in production in the U.S., the story said. (Bloomberg)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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