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GM Invests In Next Gen Volt and ‘Two Future Products’ – HybridCars.com

General Motors has said it will not be caught behind in automotive propulsion electrification, and today it again backed that statement with substantial investments for its Chevrolet Volt and “two future products” yet to be revealed.

The company said it will invest $449 million to upgrade processes at its Detroit-Hamtramck Assembly and Brownstown Battery Assembly plants.

This is the largest infusion of cash to these facilities to date, GM said. The breakout is $384 million for new body shop tooling, equipment, and additional plant upgrades at Detroit-Hamtramck, and $65 million for the next generation of lithium-ion battery production and future battery systems at Brownstown.

More http://www.hybridcars.com/gm-invests-in-next-gen-volt-and-two-future-products/

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