- August 7, 2012
GM Venture Invested in Nano Steel Company
GM Venture-a successful venture and subsidiary of GM Motors has recently made huge investments in Nano Steel Company.
GM’s chief technology officer, vice president of Global R&D and president of GM Ventures LLC Jon Lauckner said, “We are investing in NanoSteel because of the opportunity associated with their new steel alloy technology. Over the next several years, light-weighting of vehicles will be a major focus area to improve fuel economy. NanoSteel’s nano-structured alloys offer unique material characteristics that are not available today, making them a potential game-changer.”
The Nano Steel Company is pioneer in Nano Structured Steel Material Design. President and CEO of NanoSteel Dave Paratore said , “GM Ventures investment in NanoSteel demonstrates its confidence in our company’s potential to achieve widespread impact on the auto industry through our proprietary steel designs. With the support of General Motors’ automotive expertise and technology leadership, we can accelerate the final phases of development of our nano-structured AHSS in the quest to economically lightweight vehicles.”
Nano Steel is the first choice of automobile manufacturers who always looks for some better safety solutions with reduced weight. It also provides an edge for being cost-friendly as compare to other materials. Now we can better understand why GM Venture invested in GM Motors? The automobile manufacturers are in a race to produce lightweight and safest vehicles at less cost and Nano Steel offers them many reasons to prefer it over other brands.