General Motors venture capital subsiduary, GM Ventures, has invested in a company which has created a new class of steel designed to reduce weight of cars, improving fuel efficiency and meet more stringent fuel economy standards.
The carmaker has invested in NanoSteel, a 10-year-old, privately held steel company, based in Providence, Rhode Island. The company has developed a new type of steel alloy using nanotechnology that is designed to be thinner and higher in strength than more conventional steel, without compromising structural integrity. According to Collision Repair magazine, Nanostructures are objects…
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