GM’s $450M investment in next-generation Volt hints at grand plans

Today GM officially announced it will invest $449 million to support the launch of the next-generation Chevrolet Volt and two upcoming unspecified models. The investment reaffirms GM’s commitment to the Volt and raises speculation about the mystery cars.

Initially reported by The Detroit News on Sunday, this afternoon GM formally announced the infusion of $449 million for the Detroit-Hamtramck Assembly Plant and Brownstown Township battery assembly facility. Said Gerald Johnson, GM’s vice president of North American Manufacturing:

“These investments will help the next-generation Chevrolet Volt build on its position as the leader in electrified propulsion.”

Detroit-Hamtramck and Brownstown are best known as the facilities responsible for producing the Chevrolet Volt and its foreign cousins as well as its luxury sibling, the Cadillac ELR. Detroit-Hamtramck also produces the Chevrolet Malibu and Impala.

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Comments

What would I like to see? Well 1400 new jobs sounds good. A 200 miles per charge range EV sounds better. A Volt with some combination of a $10,000 price cut and a 60 mile electric range would make me very happy--well car wise anyways.

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