GM announces $300 million investment for new American-made electric car


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Common Motors will make investments $300 million and create 400 jobs to construct a brand new electrical automobile in Michigan, CEO Mary Barra introduced on Friday.

The Chevrolet mannequin shall be a by-product of the Bolt EV and was initially slated to be constructed at a location outdoors of the U.S., however will as an alternative be produced alongside of the Bolt at GM’s Orion Meeting plant, north of Detroit. The ability is at present additionally used to transform Bolts into autonomous vehicles for GM’s Cruse division and produce Chevy Sonic subcompacts.`

The Bolt was the primary sub-$40,000 electrical automobile with a variety over 200 miles per cost.

The information comes on the finish of per week that noticed President Trump frequently criticizing GM for closing a manufacturing unit in Ohio whereas Ford revealed a $900 million plan that features the manufacture of electrical vehicles at its Flat Rock, Mich., plant.

The Bolt features a floor-mounted battery pack that's good for 238 miles of range.

The Bolt includes a floor-mounted battery pack that is good for 238 miles of vary.

Particulars on the brand new automobile weren’t revealed, together with when it’s going to go on sale, however GM stated it’s going to use an “superior model” of the Bolt’s structure, which underpins the $37,495 compact utility automobile with a battery pack that gives 238 miles of vary per cost. Chevrolet offered simply over 18,000 Bolts within the U.S. final 12 months, a drop of practically 23 p.c in comparison with 2017.

Common Motors nonetheless plans to launch an electrical Cadillac SUV introduced on the Detroit Auto Present in January on a separate, next-generation electrical platform round 2022.

This can be a growing story. Test again for updates.

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