GM Detroit plant would get $3 billion investment to stay open

General Motors has agreed to invest $3 billion in the Detroit-Hamtramck Assembly plant to build electric pickups, vans and battery modules, according to a copy of the proposed UAW contract obtained by Automotive News. The plant, which was scheduled to close in January, would employ 2,225 people at full capacity, GM told the union.

The investment represents one-third of the $9 billion that potentially would be spent on GM’s U.S. plants, including $1.3 billion in indirect investments, if striking UAW members ratify the tentative agreement reached Wednesday. The $7.7 billion in GM investments pledged in the agreement would create or retain about 9,000 jobs through 2023.

Wentzville Assembly in Missouri would build the next generation of GM’s midsize pickups, the contract says. The plant would receive a $1.5 billion investment to retain about 2,000 jobs.