With gas prices on the rise and the economy on shaky ground, companies across the country are finding ways to be more efficient. From mom and pop shops to manufacturing giants, time is money.

Keeping with this formula, General Motors has opened a brand-new, state-of-the-art global Powertrain Engineering Development Center. The facility will bring advanced, fuel-saving powertrains to market faster and cheaper by cutting its development process by ten weeks and reduce test procedure time from 24 hours to 20 minutes. Combined with other global development and testing efficiencies already underway, the company will save more than $200 million cumulatively by the end of this year.