http://www.youtube.com/watch?v=r24dLrQldGkAs automakers try to achieve better fuel efficiency, they are looking for ways to reduce overall vehicle weight. General Motors has taken what could be a game changing decision by investing in NanoSteel, a leader in nano-structured steel materials design. The new steel alloy technology offers unique material characteristics that are not currently available today that will reduce vehicle weight and increase fuel economy.
More importantly, NanoSteel claims huge weight-saving advantages.
"We're not talking about saving grams. We're talking about saving kilograms," said Paratore.
GM Ventures LLC, a subsidiary of General Motors, is hoping that the investment in the nano-structured steel material designs will have a widespread impact on the auto industry.
If new alloy material materializes, its application could spread beyond the automotive industry, perhaps even to the shipbuilding and biomedical fields.