Boston, MA 06/26/2013 (wallstreetpr) – General Motors Co. (NYSE:GM) along with its partners produces vehicles in 30 countries. The company has a strong market position in the world’s largest and fastest-growing automotive markets.
U.S. Green Building Council’s Leadership in Energy and Environmental Design commonly known as LEED program has certified General Motor’s Milford Proving Ground of 37,000 square foot. The facility known as the proving ground’s administration building is the first “brownfield” site of GM to earn such a designation. Milford Proving Ground has also been certified as Wildlife habitat work site by the Wildlife Habitat Council. The ground also possesses a Solar Tracking Tree which provides 30,000 kilowatt hours of solar power annually.
The project involves a complete restructuring of the area, whereby a complete demolition of the existing facility is to be carried out. GM will focus upon LEED sustainable design and construction guidelines as well as green construction protocol as laid by GM.
Doug Ravas, the Senior Manager of the GM Global Facilities has said that it would be a challenge to work with the existing infrastructure to convert the “brownfield” site. Converting a brownfield site is not as easy as operating on a “Greenfield” site. Such conversion of the site would require diligent planning and execution. Across the globe, GM has pursued green building design and construction practices on all of its projects. It may be a new construction or furnishing the existing ones. GM has always used the design and engineering guidelines of LEED for resource efficiency, conservation and sustainable materials.
General Motors is expected to make a huge investment of $11 billion in China in and around 2016. Since 2010, GM has targeted China for selling its vehicles and is a leading automaker seller in China. So, GM would never wish to lose out on the luxury car opportunity in China.
The average volume of the stock traded is 17.51 Million whereas only 9.27 million shares exchanged hands in its previous day’s trading session. The stock of the company closed at $31.82 recording a plunge of 1.27% for the day.
