GM, DaimlerChrysler and BMW are investing $1 billion in hybrid tech ~ Hybrid Car Review
Hybrid Car Review: GM, DaimlerChrysler and BMW are investing $1 billion in hybrid tech

Friday, August 11, 2006

GM, DaimlerChrysler and BMW are investing $1 billion in hybrid tech

Compared to the $2 billion Toyota spent developing hybrid technology (estimated), $1 billion by three companies doesn't seem like a lot.

Source: Bloomberg.com: Germany

Aug. 10 (Bloomberg) -- General Motors Corp., DaimlerChrysler AG and Bayerische Motoren Werke AG are investing more than $1 billion combined on a shared gasoline-electric system for autos that will compete with hybrid leader Toyota Motor Corp.

Toyota has licensed hybrid technology to Ford Motor Co., supplies components to Nissan Motor Co. for a hybrid Altima sedan that goes on sale in 2007, and plans to work with affiliate Fuji Heavy Industries Ltd.'s Subaru on gasoline-electric vehicles.

GM will be using the new hybrid technology (dual-mode hybrid) in its 2007 Yukon and Tahoe. DaimlerChrysler will have a hybrid Durango in 2008, while BMW, who just signed on last year to the joint operation, plans on having a hybrid in about three to five years.

Get Four Free Price Quotes From Yahoo! Autos Hybrid Research and Pricing at Edmunds.com

No comments:

Post a Comment

Comments posted on Hybrid Car Review will be moderated. Please avoid dropping links just for the sake of links. The comment will be deleted shortly after. Keep comments on topic and non-abusive. Thanks!

Automotive Parts

E-Bay Motors

 

  © Link to Privacy Policy

Back to TOP