(This story has been updated with additional comments by GM CEO Mary Barra.)
While GM isn’t expected to reveal its next-generation Chevrolet Volt plug-in hybrid until next January, the automaker’s CEO Mary Barra said today.
Among other things, the maker plans to invest $300 million in its home state of Michigan by year-end, a chunk of that cash going to set up the Warren Transmission Plant to produce the next-gen Volt’s plug-in drivetrain. Virtually all key powertrain components, from Volt’s batteries to its gasoline “range-extender” engine, will be built in Michigan going forward.
“Our investments in the Chevy Volt and Michigan signify our commitment to lead the industry in technology and innovation,” CEO Barra told the Detroit Economic Club.
The remake of the Chevrolet Volt is scheduled to debut at the 2015 North American International Auto Show in Detroit, marking the first major update to the so-called extended-range electric vehicle since it went on sale late in 2009.