GM Invests $449 Million USD in Future Electric Vehicles, Batteries
April 9, 2014 2:27 PM
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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.
, it will invest $384 million USD into the Detroit-Hamtramck plant that builds autos like the
. 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.
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4/10/2014 11:33:53 AM
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
out of OPEC imports, not domestic production (or even Canadian oil).
"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
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