General Motors Will Make Its Own "Family" of Electric-Vehicle Motors

General Motors (NYSE: GM) said that it plans to produce a family of interchangeable electric-vehicle drive components suited for many different vehicle types, adding scale and efficiency to its effort to transition to a fully electric product portfolio. The move follows GM's announcement in March that it will produce highly flexible battery packs for its upcoming electric vehicles under the "Ultium" brand. Taking the branding one step further, GM said today that its new family of five drive units and three motors will be referred to as "Ultium Drive."