Home News GM plans to invest USD 246 million in electric motors

GM plans to invest USD 246 million in electric motors

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WASHINGTON (AFP) – U.S. car manufacturer General Motors (GM) wants to 246 million USD (174 million euros) in the development and manufacture of its own Motors invest. The first engines in 2013 should be a fresh new look Generation of hybrid cars are used, the company announced on Tuesday. U.S. $ 105 million of planned investment, therefore, come from one last year granted by the U.S. Department of Energy Credit. The U.S. government holds since the rescue of the ailing Car maker 61% of the group.
In the future, electric motors for GM could just as be important, as it is now internal combustion engines, " said GM Vice President Tom Stephens. In the development, it is true Among other things, that make batteries lighter and cheaper. This was also GM collaborate with suppliers. The engines are in the U.S. be produced, GM did not provide details.
According to own statements GM would become the first major U.S. carmaker, which develops and produces its own electric motor. Electric motors are used both in electric cars and in hybrid vehicles used in which an electric drive with a conventional Combustion engine is combined. The technology is considered relatively environmentally friendly. The Japanese car maker Toyota had already in 1997 in the U.S. with the sale of its hybrid model Prius, which is now commenced in the fourth generation is present.

   

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January 26, 2010 08:54 ET (13:54 GMT)