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Edition: U.S. Article Comments (1) Slideshow Email Print Reprints Read WikiLeaks chief said in 2009 group had BofA data 2:31pm EST WikiLeaks plans to release a U.S. bank's documents 29 Nov 2010 Ecuador offers residency to WikiLeaks' Assange 10:52am EST Factbox: Main revelations of WikiLeaks diplomatic cables 5:24am EST Consumer and manufacturing data show improvement 1:25pm EST Discussed 66 Saudi king urged U.S. to attack Iran: WikiLeaks 64 South Korea names security adviser as defense minister 60 U.S., South Korea begin joint military exercises Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 World reacts to WikiLeaks release Mon, Nov 29 2010 Analyst Research Report Title Price Transportation, Supply Chain & Logistics Industry Market Research and Competitive Analysis 2010 Provider: Plunkett Research, Ltd. $299.0 Buy Transportation & Logistics Industry Trends, Statistics & Analysis 2010 (Summary) Provider: Plunkett Research, Ltd. $149.0 Buy Engineering & Research Industry Market Research and Competitive Analysis 2010 Provider: Plunkett Research, Ltd. $299.0 Buy Engineering & Research Industry Trends, Statistics & Analysis 2010 (Summary) Provider: Plunkett Research, Ltd. $149.0 Buy Automobile Industry Market Research and Competitive Analysis 2011 Provider: Plunkett Research, Ltd. $299.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. 2010 U.N. Climate Talks U.S. sees progress in row with China Washington claimed progress in easing rifts with Beijing on ways to fight global warming as U.N. climate talks got under way in Mexico with warnings about the rising costs of inaction. Full Article | Full Coverage Factbox: Climate talks seek to avoid hype in Cancun More Green Business headlines GM hiring to push electric effort beyond Volt Tweet This Share on LinkedIn Share on Facebook By David Bailey and Bernie Woodall DETROIT (Reuters) - General Motors Co said on Tuesday it would hire 1,000 engineers and researchers in Michigan over the next two years to develop more electric cars and hybrids as it launched its battery-powered... Related News Chevy Volt tops Prius in fuel economy rating Thu, Nov 25 2010 GM to invest $163 million at three plants Wed, Nov 24 2010 GM shares lose momentum in post-IPO NYSE return Thu, Nov 18 2010 WRAPUP 8-GM shares lose momentum in post-IPO NYSE return Thu, Nov 18 2010 WRAPUP 7-GM shares lose momentum in post-IPO NYSE return Thu, Nov 18 2010 Analysis & Opinion Deals wrap: Looking back on GM’s debut How visible is the hand of Treasury in steering GM? Related Topics Technology » Stocks 1 / 6 A red 2011 Chevrolet Volt electric vehicle moves down the production line at the Detroit-Hamtramck Assembly plant in Hamtramck, Michigan November 30, 2010. Credit: Reuters/Rebecca Cook By David Bailey and Bernie Woodall DETROIT | Tue Nov 30, 2010 2:49pm EST DETROIT (Reuters) - General Motors Co said on Tuesday it would hire 1,000 engineers and researchers in Michigan over the next two years to develop more electric cars and hybrids as it launched its battery-powered Chevrolet Volt. "Volt clearly demonstrates that we are well on our way and it is especially true when it comes to the electrification of the automobile," GM Chief Executive Dan Akerson said at a ceremony marking the imminent shipping of the plug-in hybrid. The Volt, which tops the Toyota Prius for fuel economy, is a first-of-its-kind vehicle that GM has touted as a symbol of its commitment to pushing for gains in fuel efficiency and developing new technology. Akerson drove on stage in the first commercially made Volt for the event at the assembly plant that builds the car, three years after GM announced the closely watched project. Akerson said GM wanted to be in the forefront of new vehicle technology -- starting with the development of powerful battery packs and electric motors -- that promises to reduce oil consumption. The Volt is designed to run for 35 miles on a full charge of its 400-pound lithium-ion battery pack supplied by a unit of Korea's LG Chem. After that, a 1.4-liter engine extends the driving range to about 379 miles. Some critics questioned whether the Volt would survive GM's restructuring in bankruptcy in 2009 because of its high cost and the low profit margin on the first shipments of the $41,000 car. "Given everything that GM has been through in the last several years it would have been easy to let the Volt die, but you didn't let that happen," Akerson told employees on Tuesday, adding that it would have been easy to scale back plans. GM North American chief Mark Reuss compared the Volt development to a NASA "moon shot" that included over $700 million in investment in jobs and plants in Michigan. GM will begin shipping the Volt in limited numbers in December. It plans to expand Volt shipments to more U.S. markets in 2011 and to export the vehicle, Akerson said. Volt exports to Europe are planned to start in 2012. GM plans to export the Opel Ampera -- sister car to the Volt -- from the Michigan plant to Europe starting in late 2011. As the first Volts head to dealer showrooms in December, the automaker is working on the next two generations and ways to reduce their costs. The Volt, which has won honors as Motor Trend Car of the Year and Green Car of the Year, is the first of several electric or partly electric cars automakers will begin selling over the next two years. The growing segment includes the all-electric Nissan Motor Co Leaf and upcoming rechargeable cars from Toyota Motor Corp and Ford Motor Co. GM plans to build 10,000 Volts next year, another 45,000 in 2012 and has already started to discuss internally ways that it could increase the production should there be more demand. 1 2 Next Technology We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) TLA wrote: GM should spend most of their money on marketing because $41,000 for half a car seems a bit much. Al Gore, pelosi and our beloved First Lady have no trouble traveling in their private jets all over the world so being “GREEN” must not be an issue and $41,000 will buy a hell of a lot of gas ford my 27 miles to the gallon Ford. Nov 30, 2010 1:19pm EST -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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