A housing assembly 30 is provided for a permanent magnet motor. The housing assembly includes a ferrous flux ring structure 38 having an exterior 39 and an interior 36. Magnet structure 34 is carried within the interior of the flux ring structure 38. A plastic housing 32 substantially encapsulates the exterior of the flux ring structure 38 and at least portions of the magnet structure 34. A bearing 42 may be provided in a closed end of the housing 32.