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The money will go toward two plants

General Motors Co. (GM) is investing $449 million USD in two of its Michigan-based plants to up its electrification game. 
According to GM, it will invest $384 million USD into the Detroit-Hamtramck plant that builds autos like the Chevrolet VoltCadillac ELR and Opel Ampera. The money will go toward new body shop tooling, upgrades and equipment to build the next-generation Volt and two other upcoming vehicles (which are currently unknown to the public). 
As for the other $65 million USD, it will be put toward the Brownstown plant, which makes lithium-ion battery packs for many of GM's EVs. Production of the company's next-generation of lithium-ion batteries and future battery systems will benefit from this investment.

[SOURCE: Green Car Reports]

“General Motors is committed to building award-winning products and developing technologies in America, which helps to grow our economy from a resurgent auto industry,” said Gerald Johnson, GM North America Manufacturing vice president. “These investments will help the next-generation Chevrolet Volt build on its position as the leader in electrified propulsion.”

There doesn't seem to be a set timeline for when the investments will begin, but it will likely further GM's position in the EV and future auto technologies realm while also potentially putting the state of Michigan in a better economic spot. 

Source: General Motors

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what a joke
By Argon18 on 4/9/2014 3:44:28 PM , Rating: 2
Electric cars. Lol. The answer to a question no one asked. You'd think with the abysmal Chevy Volt sales, they'd be running away from these disappointing electric toys.

RE: what a joke
By aurareturn on 4/9/2014 3:59:40 PM , Rating: 2
The Volt isn't a 100% electric car.

Electric cars are superior to gas cars in almost every way including acceleration and crash safety.

RE: what a joke
By DukeN on 4/9/2014 4:10:34 PM , Rating: 2

Electric CArs

RE: what a joke
By Reclaimer77 on 4/9/2014 10:07:01 PM , Rating: 1
Electric cars are superior to gas cars in almost every way

LMAO!!!! So funny it's insane.

RE: what a joke
By Kazinji on 4/10/2014 5:16:50 AM , Rating: 2
Really that funny? Other than refueling/charge time and overall cost. They seem to be doing well. With the push for better cheaper batteries, more demand more research more money.

RE: what a joke
By Reclaimer77 on 4/10/2014 12:28:25 PM , Rating: 1
Other than refueling/charge time and overall cost.

Yeah you know, those little things....

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