General Motors is betting big on its next-generation Volt, with more electrified vehicles on the way.
The American automaker announced today that it will invest $449 million into its Detroit-Hamtramck Assembly Plant along with a battery assembly facility in the city in order to build the next-generation Volt and two future vehicles that haven’t been announced. The investment will include $384 million for new body shop tooling, equipment and additional plant upgrades, GM said in a statement.
The remaining $65 million will go towards the Brownstown Battery Assembly plant that will also help develop a next-generation lithium-ion battery and future battery systems. The $384 million is the largest single investment the automaker has made into the Detroit-Hamtramck factory since its opening in 1985. In the last five years, GM has invested over $1 billion into the factory.
“These investments will help the next-generation Chevrolet Volt build on its position as the leader in electrified propulsion,” said GM North American manufacturing vice president Gerald Johnson.
GALLERY: 2014 Chevrolet Volt
Discuss this story at our General Motors forum