GM plans $2 billion-plus Lansing investment, including hybrid production prep
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In 50 words
General Motors said on Tuesday it plans to invest more than $2 billion in the Lansing region of the United States over several years, including $1.25 billion to prepare its Delta Township assembly plant for future hybrid production. It gave no start date for hybrid output.
Why it matters
The move shows a major automaker shifting toward hybrids after earlier focusing on battery-electric vehicles. TechCrunch says hybrids are growing more popular, partly because of rising gas prices in the US.
What's next
GM said it will share specific details of its hybrid production plans closer to launch, but gave no date.
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Sources
- TechCrunchView original →
