GM Investing $449M Into Next-Generation Volt Plant
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.
SEE ALSO: 2016 Chevrolet Volt to Ride on All-New Platform
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.
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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I've personally been waiting for Volt 2.0 before buying, I don't know how many other customers like me are out there, but I can't wait.