FORT WAYNE, Ind. (WANE) General Motors officials were joined by Indiana’s Lieutenant Governor and others Monday in Fort Wayne for to announce a $632 million investment at the company’s pickup truck assembly plant.

The money will be used to prepare the plant for the production of the next-generation internal combustion engine full-size light duty pickups. A timetable for production of the the next-generation pickups has not yet been released by GM. The investment will pay for new conveyors, tooling and equipment in the plant’s body and general assembly areas.

“Today we are announcing a significant investment to continue our industry-leading full-size truck business by preparing Fort Wayne Assembly to build the next-generation ICE full-size pickups,” said Gerald Johnson, executive vice president, Global Manufacturing and Sustainability. “This investment furthers our commitment to Indiana and, coupled with the hard work and dedication of our team members, enables us to build world-class trucks that our customers love and provide job security in Fort Wayne for years to come.”

During Monday’s announcement at the Fort Wayne GM plant, Johnson also made a reference to the company’s previous announcement of going fully electric by the year 2035.

“We’ve talked a lot about EV’s, and EV’s are important. There’s a transformation that’s taking place in our industry, but there is a horizon to that, and in that horizon, we need to not only know how to do EV’s and batteries and things like that. We will. We do. But we also have to recognize that we have a long, storied history, and, still, a large customer base that fully expects us to deliver internal combustion engines, large pickup trucks, light duty pickup trucks, like the ones you make here, and we’re going to continue to satisfy that customer too,” he said.

GM’s Fort Wayne Assembly manufactures various models of Chevrolet Silverado and GMC Sierra pickups. It opened in December 1986 and recently celebrated the production of the 10 millionth truck at the facility.

The Sierra and Silverado are among the more profitable vehicles produced by GM. Back in January of 2021, GM announced it would transition to all electric vehicle production by 2035. An EV version of the Silverado is set to go on sale this fall.