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GM to invest $30 million in Volt-battery plant

omarrana submitted on 1/21/2009 Official Bell & Ross Timestamp: 10:12:39 AM

12 user comments | Category: New Cars | Source: | SOURCE: www.egmcartech.com

Tag Link: General Motors

Speaking at the Automotive News World Congress today in Detroit, Chevrolet’s North American vice president Ed Peper said that General Motors will invest a total of $30 million in its planned U.

S. plant to build the batteries it will use in the Chevrolet Volt.

The new plant is scheduled to open in Michigan in 2010. It will build...

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GM to invest $30 million in Volt-battery plant

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omarrana

I hooked up my accelerator to my brake lights. I hit the gas, people behind me stop, and I'm gone.

— omarrana (View Profile)


User Comments

BSBB

Hopefully, they will execute that plan well. They must. The Volt is good conceptually - but the powerplant (and power supply) must be up to snuff for the vehicle to sell. Good luck GM...I will pray for you.

— BSBB (View Profile)

Posted on 1/21/2009 2:18:47 PM | reply to this comment | Votes: 1   

hk4site

Lets see GM has a hard time making cars that sell and they are going to attempt to make batteries. In any event they can always sell them to toyota and honda.

— hk4site (View Profile)

Posted on 1/21/2009 3:12:31 PM | reply to this comment | Votes: 1   

veyron1001

When was spending 30million on a car battery plant for a car that makes no profit per sale in this down turned economic state a good idea?

— veyron1001 (View Profile)

Posted on 1/21/2009 9:02:30 PM | reply to this comment | Votes: 1   

1UAW

The money for the plant and its tooling is figured into the bottom line of the car.

— 1UAW (View Profile)

Posted on 1/22/2009 3:39:08 AM | | Votes: 2   

XYZZ

it won't add to gm's bottom line for years --if EVER-- but in the meantime it makes jobs for the contractors building the plant, suppliers of machine tools, etc., and will provide wages for workers making the batteries. and if gm folds before the volt saves them, the output and/or plant itself can be sold to successful hybrid builders.

— XYZZ (View Profile)

Posted on 1/22/2009 7:11:58 AM | | Votes: 1   

1UAW

building cars like this will bring traffic into showrooms that will sell other cars. and GM is bringing a family of volt like cars out to regain a faster return on the money invested in making the volt.

— 1UAW (View Profile)

Posted on 1/22/2009 2:43:39 PM | | Votes: 1   

veyron1001

By the time the Volt comes out in est 2010 it will have to compete with 5-10 cars in its mpg class. Also this car will be a net loss to the general public that trades in cars every 3 to 5 years.

— veyron1001 (View Profile)

Posted on 1/22/2009 10:10:28 PM | | Votes: 0   

1UAW

lol

— 1UAW (View Profile)

Posted on 1/22/2009 2:44:05 PM | reply to this comment | Votes: 1   

eidos2004

Cappy, you keep on hoping that the chump change GM is putting into its battery plant will save the day for MI and Detroit. I live in the area. I see the carnage that the UAW (with a hand from an emaciated management team) has inflicted upon many of the plants around here. Let me tell, if you look at the cost of the GM-UAW legal services plan you would see that GM spends more on providing 'free' legal services to the UAW then they do on their big battery development. GM is closing plants in which they have billion dollar investments and you are placing hope in something because they are putting 30 million into it? Also note that the state of MI is essentially footing the bill through promises they have made to GM. Yet, GM has been trying to export their manufacturing jobs to other countries because you (the UAW) are so entwined into the body of GM that they would die if you were extracted...just like in the movie Alien. Except the only way this ends good for the USA and GM is if they go bankrupt and rid themselves of the parasitic infestation known as the UAW.

— eidos2004 (View Profile)

Posted on 1/22/2009 9:59:31 PM | reply to this comment | Votes: 1   

1UAW

legal service fees are paid partly for by the union and it is not "free" at all we just get a good discount on SOME legal issues, and yes the state is helping GM they it even helped Toyota as well you can not place blame on a state to try to create or maintain jobs. And most of the engine plants that were closed in flint last year where older than any of us, and are being replaced by two new plants that will make a hi-feature world engine and the other will make the power plant for the Volt and Chevy cruise.

— 1UAW (View Profile)

Posted on 1/23/2009 3:31:13 AM | | Votes: 1   

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