1.
U.S. markets recover from steep losses
FLINT, Mich., Sept. 25 (UPI) -- General Motors Corp. said Thursday it would construct a $370 million production plant in Flint, Mich., to build engines for the Chevrolet Volt.
Construction on the 552,000-square-foot plant was expected to begin immediately with completion expected in 2010, The Detroit News reported.
"We are confident that Flint is exactly the right place to build our all-new power train plant," GM Chairmen and Chief Executive Officer Rick Wagoner said in statement.
The engines are part of GM's push toward alternative fuel vehicles. The Volt can run 40 miles on its lithium-ion battery, after which a 1.4 liter gas engine takes over, propelling the car and recharging the battery, the News reported.
|
|
|
|
|
|
| Additional Business News Stories | |
BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
|
WASHINGTON, May 24 (UPI) --
Australia is seeking to upgrade its F/A-18F fighter aircraft to the "G" configuration, the U.S. Defense Security Cooperation Agency said.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
