GM to Invest $246 Million in Electric Motors
01/26/2010
"In the future, electric motors might become as important to GM as engines are now," GM Vice President Tom Stephens said. "By designing and manufacturing electric motors in-house, we can more efficiently use energy from batteries as they evolve, potentially reducing cost and weight - two significant challenges facing batteries today."
The $246 million to be invested includes a $105 million grant awarded last year by the Department of Energy.
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