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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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RE: Bounty!
By owcraftsman on 4/9/2014 6:44:05 PM , Rating: 0
Not sure what car or what switch you speak of here but the facts are GM sold 7,671 Volts in 2011; 23,461 in 2012; and 11,643 Volts in 2013 who knows how many to date but there certainly aren't millions of these on the road that for sure.

What I find interesting is they are investing when they still owe us for the bail out. What they should be doing is paying taxpayers back for the loan.

It's reasoning and total lack of responsibility like this why they will never make it and when they finally do go bankrupt the tax payers will still be short on pay back. Kinda like loaning money to your kids or family with most of them you just kiss it good bye and watch them crash and burn repeatedly over time.

Grow up GM

Think of this, if it's all about GREEN, just what do you think those batteries get there recharge from? I'll tell you Electricity from COAL, Fuel Oil and Nuclear Power Plants. The whole thing is a scam to make somebody rich and in terms of saving the planet, in the end, it's a net 0 gain.

RE: Bounty!
By RDO CA on 4/9/2014 7:37:43 PM , Rating: 2
I see you forgot to mention a few sources to slant your side--Maybe some also comes from Hydro/wind/solar/natural gas and the oil is less than 1% by the way.

RE: Bounty!
By Mint on 4/10/2014 11:33:53 AM , Rating: 3
Yup, clearly he has no interest in the truth.

The 13% of US electricity generation from hydro/wind/solar and 20% from nuclear has minimal atmospheric pollution. The 28% from natural gas is way cleaner than coal (half the CO2 emissions and - much more importantly - far less real pollution like particulate matter and sulfur dioxides).

And even the remaining coal pollution is far from urban centers where gas has the biggest effect.

So it's not even close to suggest that 10-15 kWh of electricity is as polluting as a gallon of gasoline.

On top of that, if a family cuts 1000 gallons/yr of gas out of their lives, that's coming entirely out of OPEC imports, not domestic production (or even Canadian oil).

RE: Bounty!
By Solandri on 4/9/2014 7:50:12 PM , Rating: 2
OP was talking about GM's recall of 2.5 million cars sold between 2003-2011 for ignition switch failures. It has nothing to do with the GM Volt. I probably shouldn't have responded to an off-topic troll. But like McDonalds coffee (you are more likely to die in an accident driving to McD's than you are to injure yourself spilling the coffee), the whole thing really was completely blown out of proportion by the lawyers and families of those injured/killed.

RE: Bounty!
By Mint on 4/10/2014 10:37:54 AM , Rating: 2
I probably shouldn't have responded to an off-topic troll.

It was off topic from the discussion, but then again the ignition switch talk isn't really related to this article either. FWIW, I thought you had an excellent post on that matter.

RE: Bounty!
By Kazinji on 4/10/2014 5:10:36 AM , Rating: 2
Business has to go on as usual, and investing in plants in one of those.

RE: Bounty!
By Dr. Kenneth Noisewater on 4/10/2014 11:22:19 AM , Rating: 2
And 0 of those Volts had such a switch.

"So if you want to save the planet, feel free to drive your Hummer. Just avoid the drive thru line at McDonalds." -- Michael Asher

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