Sunday, June 14, 2009

Despite Bankrupcty, GM Opens $25 Million Battery Lab In Michigan

Electric vehicles loom large in General Motor's future as evidenced by its opening a new technology lab in Michigan.

Johnathan Martinez at reports:

"The failing auto giant’s highly anticipated energy research lab officially opened up shop on Monday, despite filing chapter 11 bankruptcy. The new lab, located in Warren, Michigan, is touted as the world’s most leading-edge automotive technology research center. Chevrolet's electric car, the Volt, is the reason why GM went ahead with the facility. The laboratory has turned some heads, including those of the U.S. government, who have given GM billions as they continue to restructure and layoff workers. The battery research lab’s main goal is getting the Chevy Volt, the company’s first fully electric vehicle, off assembly lines by the scheduled 2010 deadline." See full article.

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