Friday, November 10, 2006

Rick Wagoner admits, killing $1 billion EV1 program was his worst decision

Not exactly along the line of "Motor City Muscle," yet relevent just the same, as new technology often points in the direction the auto industry is headed in the near future.

GM plans to unveil a concept at this year's North American International Auto Show in Detroit that they hope will help restore some faith in GM's future. Many were upset that GM killed the EV1, this after the company was apparently at the forefront of developing new technology in search for a gasoline alternative. In the mean time, other foreign auto makers more than caught up, bringing several hybrid vehicles to market.

Later this month, at the Los Angeles Auto Show, Rick Wagoner will announce the new direction and focus on new technology as part of the planned turn around. Without giving many details, he stated that the new technology would have an extended driving range on battery alone, in addition to having a gasoline or diesel powered engine to power the car when the batter was low.
Ultimately, they still view hydrogen fuel cells as the answer to our dependence upon oil, though that connection will be built through use of electricity.

GM may revive electric car

No comments: