General Motors to build electric car with 200-mile range at factory north of Detroit

Economic IndicatorsAssociated Press

General Motors says it will build an electric car with a 200-mile range at a factory north of Detroit.

The small hatchback will be based on the Chevrolet Bolt concept car shown at the Detroit auto show last month. GM has said it will be built in 2017 at a factory in Orion (ORE-eee-UN) Township, Michigan. It will cost around $37,500 before a $7,500 federal tax credit.

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The car is designed to compete with Silicon Valley automaker Tesla Motors, which plans to start selling a 200-mile, $30,000 car about the same time.

GM says it hasn't determined how many jobs the new car will bring to the factory, which has about 1,700 hourly workers.