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  • General Motors to invest 246 million in electric motors

    General Motors announced plans Tuesday to invest 246 million dollars to design and manufacture electric motors, saying the first were scheduled to debut in 2013 in a next generation, rear wheel drive hybrid vehicle.

    The company, 61-percent owned by the US government since being saved from collapse last year, said the motors would be manufactured in the United States at an unidentified facility.
    "In the future, electric motors might become as important to GM as engines are now," GM vice president Tom Stephens said in a statement.

    "By designing and manufacturing electric motors in-house, we can more efficiently use energy from batteries as they evolve, potentially reducing cost and weight -- two significant challenges facing batteries today."

    GM put the amount to be invested at 246 million dollars, including a 105 million dollar grant awarded last year by the Department of Energy.

    The first electric motors designed and built by GM "are scheduled to debut in 2013 in next-generation, rear-wheel-drive two-mode Hybrid technology," the company said in a statement.
    GM said the move would make it the first major US automaker to design and build its own electric motors, a core component both of electric cars and hybrids that use a combination of electric and conventional internal combustion engines.

    GM plans to launch its first electric car, the Chevy Volt, later this year in California, taking aim at Toyota, whose popular Prius hybrid was first introduced in the United States in 1997 and is now in its fourth generation.

    Stephens said GM would purchase and co-design electric motors with suppliers as well produce its own in-house.

    "We are partnering with suppliers to create innovations faster than ever before. Our goal is simply to establish GM as a leader in automotive electric motors," he said.
    Comments 8 Comments
    1. Rosaudio's Avatar
      Rosaudio -
      246 million what? Rands? Dollars? Zim Dollars?
    1. killadoob's Avatar
      killadoob -
      Even if that is dollars surely that is a tiny amount?

      If it rands then
    1. porchrat's Avatar
      porchrat -
      Quote Originally Posted by Rosaudio View Post
      246 million what? Rands? Dollars? Zim Dollars?
      RTFA man.

      First line:
      General Motors announced plans Tuesday to invest 246 million dollars to design and manufacture electric motors
    1. Hosehead's Avatar
      Hosehead -
      Just bring back the electric car and tweak it ffs.
    1. Rosaudio's Avatar
      Rosaudio -
      Quote Originally Posted by porchrat View Post
      RTFA man.

      First line:
      No thanks, cant be bothered to waste the energy needed to click on the link
    1. murraybiscuit's Avatar
      murraybiscuit -
      Quote Originally Posted by Hosehead View Post
      Just bring back the electric car and tweak it ffs.
      ah the irony.
    1. Nod's Avatar
      Nod -
      Is that part of the bailout money?
    1. D3x's Avatar
      D3x -
      Quote Originally Posted by Nod View Post
      Is that part of the bailout money?
      I was wondering the same thing. They were almost bankrupt a few months ago....
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