GM is embracing hybrids now
General Motors plans to invest in its Lansing Delta Township Assembly plant to handle future production of hybrid-electric vehicles, the latest move by the U.S. automaker to claw back market share by appealing to the shifting tastes of consumers.
The company said on Tuesday that it plans to invest more than $2 billion over the next several years in the broader Lansing region, an amount that includes $1.25 billion to prepare the assembly plant for “future vehicle production.”
The company said it is working with the U.S. Department of Energy to restructure a previously awarded Domestic Manufacturing Conversion Grant and direct those funds to future hybrid production at the Lansing factory. The company was awarded $500 millionunder the Biden administration to support converting a different factory in Lansing to produce electric vehicles, including hybrid, battery-electric, plug-in electric hybrid, and hydrogen fuel cell electric vehicles. Those funds were never released,...
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