An electric machine includes a stator and a rotor. The rotor includes stacked laminations forming a rotor core. The rotor rotates relative to the stator about a central axis. The rotor core has an outer diameter. Each lamination includes a plurality of magnet slots. Each magnet slot includes a ferrite permanent magnet located therein, adjacent pairs of the ferrite permanent magnets defining a number of poles. Each of the laminations includes a plurality of non-circular rotor bar apertures spaced about the central axis of the rotor and disposed adjacent to and radially inward of the rotor outer diameter. A non-cylindrical rotor bar is disposed in each respective of the plurality of rotor bar apertures. The rotor bars are formed of a conductive material, wherein at least some of the plurality of rotor bars collectively form a rotor bar cage.