A permanent magnet machine and a rotor assembly for the permanent magnet machine. The permanent magnet machine includes a stator assembly including a stator core including a stator winding to produce electrical currents. The stator assembly extending along a longitudinal axis with an inner surface defining a cavity. The rotor assembly including a rotor core and a rotor shaft. The rotor core is disposed inside the stator cavity and rotates about the longitudinal axis. The rotor assembly including a plurality of permanent magnets for generating a magnetic field which interacts with the stator winding to produce the electrical currents in response to rotation of the rotor assembly. within one or more cavities formed in a sleeve component. The sleeve component is configured to include a plurality of cavities or voids into which the permanent magnets are disposed to retain the permanent magnets therein and form an interior permanent magnet generator.