The incentive package sought by GM will require clearance from the state’s legislature.
According to state officials from Missouri, General Motors Co is weighing its options of investing $1 billion in its assembly plant in the state, where it currently builds vans and trucks.
St. Louis Post-Dispatch has quoted Missouri Governor Mike Parson saying GM had outlined a plan to invest the sum of money, which will create more jobs, at a closed-door meeting.
According to Parson, GM is seeking a package of state incentives that would need approval from the legislature before committing to the project to expand its Wentzville plant. The assembly plant currently builds GMC Canyon pickup trucks, the midsize Chevrolet Colorado and Chevrolet Express Cargo van and GMC Savana full-size van.
Missouri state Senator Bob Onder praised the plan through a twitter post.
“I am excited that @GM is considering investing $1 billion dollars in our Wentzville Community! This would extend a decades long relationship between this great company and the great people of St. Charles County,” tweeted Onder.
Declining to confirm the investment GM stated it appreciates “the willingness of state officials in Missouri to work with us on potential opportunities within the state.”
Speculation is rife that GM may build a new mid-size body-on-frame SUV based off the Canyon and Colorado chassis. In 2016, Automotive News had reported citing industry officials that GM was considering a plan to complete with Fiat Chrysler’s Jeep brand.