By bringing this capability to the U.S., GM will create approximately 200 jobs. Local and state incentives, along with the Recovery Act funding announced in August 2009 by the U.S. Department of Energy, are helping to make this facility expansion and job creation possible.
"Electric motors are the engines of the future," Stephens said. "By designing and manufacturing electric motors in-house at Baltimore Transmission, we can more efficiently control the design, materials and production processes for electric cars. It will also enable us to lower costs and improve performance, quality, reliability, and manufacturability of the electric motors we use in our electric vehicles."
Stephens also noted the importance of the new technology to the nation’s and Maryland’s overall economic growth.
"Electric motors are driving the next wave of automotive growth," Stephens said. "The expansion of the Baltimore plant will generate a significant influx of money and jobs into the greater Baltimore area, creating U.S.-based manufacturing jobs."
Through job retention and creation, Baltimore Transmission, which opened in 2000, will employ close to 400 people.
Nationally, including immediate project jobs, manufacturing jobs and the impact on suppliers and local communities, the investment is estimated to retain or create about 1700 jobs.
"Ultimately this expansion, its direct economic impact, its contribution to GM’s capabilities, and its impact on the vehicles we drive will be a model of what a lean, energetic, creative General Motors is capable of doing and contributing, " Stephens said.
General Motors, one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 204,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling. GM’s largest national market is the United States, followed by China, Brazil, Germany, the United Kingdom, Canada, and Italy. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation.