General Motors will invest $336 million in the Detroit-Hamtramck assembly plant to begin production of the Chevrolet Volt electric car, with extended-range capabilities, in 2010
This brings GM’s combined Volt-related investments in Michigan to $700 million, covering eight facilities. Detroit-Hamtramck will be the final assembly location for the Volt, using tooling from Grand Blanc, lithium-ion batteries from GM’s Brownstown Township battery pack manufacturing facility, camshafts and connecting rods from Bay City, and stampings and the Volt’s 1.4L engine-generator from Flint.
In addition to GM’s $700 million in Volt-related facility investments, there are the many suppliers, utility companies and organizations investing in Michigan and the U.S. to support Volt production and electric vehicle development. In August, the U.S. Department of Energy selected 45 companies, universities and organizations in 28 states for more than $2 billion in awards for electric drive and battery manufacturing and transportation electrification.
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- GM plugs $336 million into Volt production (money.cnn.com)