Looks like General Motors is ready to make a sizable investment in its electric future. The company's announced it'll be sinking $246 million into a high volume motor production facility for designing and manufacturing electric motors -- the first U.S.-based automaker to do so, according to the press release. It's gonna be awhile until we see any results, however: the fruits of the labor won't be shown until 2013 with two-mode hybrid engines. Let's hope no one beats them to that "first" claim before then.

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General Motors to manufacture electric motors, with first coming in 2013