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The drive system includes electric machine and inverter. The cost of a drive system for vehicles is currently too high. It is over four times the DOE 2020 cost target. Permanent magnet (PM) is a major cost item in an interior PM machine.

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The present invention comprises an alloy formulation for castings yielding superior high temperature oxidation and creep resistance in a range of energy production and chemical processing applications. Of particular interest are cast turbine and engine components.