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GM investing $449 million in next-gen electrification
Filed under: Hybrid, Plants/Manufacturing, Technology, Cadillac, Chevrolet, GM, Opel, Electric
It has been a rough couple of weeks for General Motors with the constant scrutiny on its recalls in the public eye, but the company is trying to move forward. This week, it announced a $449 million investment into its Detroit-Hamtramck Assembly and Brownstown Battery Assembly plants. Part of the money is going into upgrades that allow for the next-generation Chevrolet Volt to be built. The expenditure includes $384 million for Detroit-Hamtramck that already builds the Volt, Malibu, Impala, Cadillac ELR and Opel Ampera. It's getting new body shop tooling, equipment and upgrades to build the next-generation Volt and two other future, unrevealed vehicles. "These investments will help the next-generation Chevrolet Volt build on its position as the leader in electrified propulsion," said Gerald Johnson, GM North America Manufacturing vice president, in the company's statement. The other $65 million is going to Brownstown, which makes the lithium-ion battery packs for many of GM's electrified vehicles. The new funding is being put towards production of the company's next-generation of lithium-ion batteries and future battery systems. GM is remaining tight-lipped about when the investments into the plants are beginning. "We have no timeline at the moment [for the upgrades]," said GM spokesperson for the Detroit-Hamtramck plant, Dave Darovitz, to Autoblog. He also couldn't give us any further info on the next-gen Volt or the other two new vehicles being built there. Scroll down to read more about the investment.Continue reading GM investing $449 million in next-gen electrification GM investing $449 million in next-gen electrification originally appeared on Autoblog on Wed, 09 Apr 2014 11:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments أكثر... |
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