Bringing new full-size pickup trucks to market will be a costly endeavor for General Motors. The 2019 Silverado launch, along with that of the upcoming 2019 GMC Sierra, will keep GM’s capital spending in the $8.5 billion range. After that period, the automaker projects a decrease in capital spending.
“But then going beyond that, based on a number of decisions we’ve made to simplify the business, we would expect capital investment in the core business to come down from that peak level,” GM Chief Financial Officer Chuck Stevens told WardsAuto.
Increased capital spending is not a new development for GM, as the figure is in line with the elevated investment structure for the automaker over the last few years. Moreover, any new vehicle launch typically involves higher costs mostly associated with re-tooling plants and getting suppliers online. And, given that the Silverado is GM’s best-selling model whose production spans various plants that all need to be tooled, a significant financial outlay for the 2019 Silverado launch, and that of its GMC-branded cousin, shouldn’t come as much of a surprise.
The 2019 Silverado 1500 was first shown in December 2017 and then fully revealed in January 2018 ahead of the North American International Auto Show in Detroit. The all-new truck is significantly more modern and advanced than the one it replaces. It rides on an all-new architecture (GM T1 platform) and features more room in the cab and bed, while being significantly lighter than its predecessor.
The all-new 2019 Silverado 1500 also features an updated powertrain lineup, including a new 3.0L Duramax diesel engine, a significantly expanded model range totaling eight trim levels, more comfort and convenience features such as HVAC for the second row, heated rear seats, more storage in the cab and bed, along with a new power tailgate that can be opened and closed by key fob, a button in the cabin or by hand.
The 2019 Silverado launch cadence will commence with the truck first entering production at the GM Fort Wayne, Indiana plant, while Silverado Crew Cab models will be made at the GM Silao plant in Mexico. Chevy says that customer deliveries will begin in the fall of 2018 across the United States.