SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
General Motors has announced a $1 billion investment to equip its Flint, Michigan manufacturing facilities for the production of next-gen internal combustion heavy-duty pickups. This strategic move bolsters GM's competition with Ford and Stellantis NV and is expected to drive more sales, fueling their expansion into the fast-growing electric vehicle market.
General Motors revealed its re-tooling plans for the Flint plants on Monday, June 5. As per Reuters, the company indicated that this year it would invest a total of $1.7 billion in the said facilities in preparation for the manufacturing of new HD pickups.
GM is dividing the distribution of its investments with $579 million set to be spent for the Flint Engine Operations to make the sixth generation of its V-8 combustion engine. It will spend $103.5 million for the improvement of another facility in Flint that supports the production of trucks.
CNBC further reported that $788 million would go to the Flint Assembly plant, where heavy-duty gas and diesel trucks are built. The firm will use another $233 million for its Flint Metal Center, which will assist with vehicle production.
In any case, when it comes to trucks, the Detroit, Michigan-headquartered vehicle maker competes with Ford Motor's Super Duty and the heavy-duty models of Stellantis NV's Ram pickups. These are said to be the best-selling trucks of the automakers and rivals of GM's models of the same vehicle type. Thus, with the re-tooling of the facilities, it hopes to make new-generation vehicles that will be better than its competitors.
It was noted that trucks being used for businesses are currently in high demand, and General Motors need more sales from them to help fund its investments in the production of electric vehicles, a business field that is growing fast today. Meanwhile, the company's spokesperson shared that the construction or renovations related to the investments are expected to start in the Q4 of this year.
