George S. May Business Blog

GM puts $336 million in Volt factory

General Motors has made the announcement that they will put $336 million into their Detroit-Hamtrack assembly plant in order to get production of their new Volt started in 2010.

“We expect the Detroit-Hamtramck plant will be the first facility in the U.S. owned by a major automaker to produce an electric car, Jon Lauckner, GM vice president of global product planning, told the company and government officials gathered at the plant Monday.

 General Motors now has $700 million in Volt related investments.

Assembly of Volt prototype vehicles will begin in the spring, with the start of regular production scheduled for late 2010.

The Volt is an electric vehicle with extended-range capability. It is designed to drive up to 40 miles on electricity without using gasoline or producing tailpipe emissions. When the Volt’s lithium-ion battery is depleted of energy, an engine/generator seamlessly operates to extend the total driving range to about 300 miles before refueling or stopping to recharge the battery. Pricing has not been announced.

Related posts:

1. Chevrolet’s new Volt has an EPA rating that will blow your mind CEO of General Motors, Fritz Henderson, made the announcement today that their new extended range electric car, the Chevy Volt, got an official EPA rating...


2. Chevy rolls out their first pre-production version of the 2010 Volt for testing In the final stage of testing for production and design, Chevy rolled out the first line of pre-production Volts. A portion of the vehicles will...


3. Ford dumps $450 million more into converting Michigan Assembly Plant Ford has made public its plans to throw $450 million at Michigan Assembly Plant and its electric vehicle plan, set to begin in Michigan in...


4. General Motors is shutting down another factory and bringing Toyota with them After failing to come to an agreement with Toyota in regards to which cars should be built there, General Motors Corp. has decided to end...


5. Nissan throwing poison tweet darts at Chevy Volt — claims 367 mpg equivalent for Leaf EV General Motors has been getting all the attention over the past few days due to the EPA rating they received (230 mpg) for their Chevy...