General Motors announced Tuesday that it would invest $449 million into the two plants responsible for assembling the Chevrolet Volt in preparation for the next generation of the plug-in hybrid's arrival in 2016.
The Detroit News reports $384 million will immediately go into the Detroit-Hamtramck assembly plant for body shop tooling, equipment and other plant upgrades, while the remaining $65 million heads for the Brownstown Township battery assembly plant for expanded production of GM's advanced lithium-ion batteries, as well as any future technologies that come down the road. The investments are expected to last for the next two years, and would add 1,400 new jobs to both facilities.
As for what fruit the investment will bear, GM vice president of North American manufacturing Gerald Johnson announced the next generation of the Volt will roll into showrooms in 2016 as a 2016 model, with production slated to begin in the autumn of 2015. Though he didn't go further into what the new Volt would bring to the table, a number of analysts said the PHEV would likely gain an improvement in range over the 38 miles currently provided in electric-only travel.
Further, two new vehicles will accompany the new Volt within the next couple of years, including the Buick LaCrosse — expected in mid-2016 — and an all-new large Cadillac sedan set to be the brand's flagship that would begin production around the same time as the next-gen PHEV.
from The Truth About Cars http://ift.tt/Jh8LjA
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