GE, Local Motors Partner to Pioneer New Model for Manufacturing Industry
Summary
GE and Local Motors announced a partnership to create a new manufacturing model based on co-creation and micromanufacturing. The companies will use an open online community to source ideas and build a microfactory for rapid prototyping and small-batch production. The first projects will target GE Appliances and new cooking products, with the first consumer product expected in late 2014. GE also said it may apply this model to other business units if the approach succeeds.
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$10M to $25M