Monday, December 7, 2009

GM Will Invest $336 Million For Volt Plant in Detroit




The 2011 Chevy Volt





General Motors plans to invest $336 million in a Detroit-area plant to produce its heavily anticipated Chevrolet Volt electric car beginning next year.

Assembly of Volt prototype vehicles will begin in the spring at GM's Detroit-Hamtramck assembly plant, with the regular production scheduled for late 2010, GM said in a statement today.

The plant currently employees about 1,200 workers, including 1,100 hourly workers represented by the UAW. GM said the investment brings the automaker's combined spending in Michigan related to the Chevy Volt plug-in car to $700 million.

Now, if GM could only manufacture enough of the vehicles to meet initial demand we will have something.

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