GM Invests $449 Million for Next-Generation Chevrolet Volt, Two Future Products | Edmunds

GM Invests $449 Million for Next-Generation Chevrolet Volt, Two Future Products


Just the Facts:
  • General Motors will invest $449 million at two Michigan plants to build the next-generation Chevrolet Volt and two future vehicles, the automaker said on Tuesday.
  • The plans include $384 million at the Detroit-Hamtramck Assembly Plant, the only GM facility currently assembling the plug-in hybrid Volt.
  • Another $65 million is earmarked for the Brownstown Battery Assembly Plant to develop the next generation of lithium-ion battery production and future battery systems for plug-in hybrid vehicles.

DETROIT — General Motors will invest $449 million at two Michigan plants to build the next-generation Chevrolet Volt and two future vehicles, the automaker said on Tuesday.

GM did not provide details about the two future vehicles.

The plans include $384 million at the Detroit-Hamtramck Assembly Plant, the only GM facility currently assembling the plug-in hybrid Volt. The plant also builds the 2014 Cadillac ELR and the Opel Ampera, the Volt's European sibling, along with the Chevrolet Malibu and Impala.

Another $65 million is earmarked for the Brownstown Battery Assembly Plant to develop the next generation of lithium-ion battery production and future battery systems for plug-in hybrid vehicles.

"These investments will help the next-generation Chevrolet Volt build on its position as the leader in electrified propulsion," said Gerald Johnson, GM North America manufacturing vice president, in a statement.

The Volt competes with the 2014 Nissan Leaf and the Toyota Prius Plug-in Hybrid, among others.

Edmunds says: With more car shoppers considering vehicles like the Chevrolet Volt, GM makes a major commitment to the next-generation of electric vehicles and advanced battery technologies.

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