DETROIT –Today at the Detroit Economic Club, General Motors Co. (NYSE: GM) CEO Mary Barra will confirm that the company’s Warren Transmission Plant will build the electric drive unit for the second-generation Chevrolet Volt. That means most major Volt powertrain components – from its battery cells to its range-extender – will be made in Michigan, establishing the state as the company’s global engineering center of excellence for vehicle electrification.
At the same time, Barra will announce capital investments of nearly $300 million in Michigan between now and the end of the year. Details will be announced later.
“We must provide the breakthrough technology that our customers want,” said Barra. “Our investments in the Chevy Volt and Michigan signify our commitment to lead the industry in technology and innovation.”
Since 2009, GM has announced more than $11 billion in investments in the United States, with almost half of that investment committed to Michigan.
In addition, GM has worked with its UAW partners to develop initiatives that will lead to more than 22,600 jobs in the United States. This hiring has begun and will continue over the next few years, and many of these jobs will be based in Michigan.
Approximately $1.82 billion in capital has been invested in projects dedicated specifically to vehicle electrification.
Battery cells for the Volt and ELR are produced by LG Chem in Holland, Mich., and the Volt’s vehicle’s electric motors will also be made in the United States.
Within the first year of production, about 70 percent of the Volt’s parts will be made in the United States or Canada, which GM believes is the most for a plug-in or conventional hybrid.
About General Motors Co.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
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