Despite sluggish sales for its Chevrolet Volt plug-in hybrid, General Motors appears to be making an even bigger bet on the future of electric vehicles as it prepares to invest $449 million in a key battery-car assembly plant and the factory that produces the lithium-ion packs that will be used there.
Though GM did not provide specific details, the major investment plan is expected to help it upgrade the Volt and possibly add one or more additional battery-based vehicles at the Detroit-Hamtramck assembly plant. But the program is likely to include one or more non-electric model, such as a large sedan being developed by the Cadillac brand.
“Today’s news will ensure that the next generation Chevy Volt continues and solidifies that position of leadership,” Gerald Johnson, GM’s vice president of North America manufacturing, said at an Automotive Press Association luncheon. “We want our customers to benefit from our investments in technology and to keep coming back to General Motors for their purchases.” (more…)