GM vice chairman wants mass produced hydrogen cars by 2011
THOMAS WATKINS
Associated Press
CAMP PENDLETON, Calif. - Hydrogen fuel cell-powered vehicles could hit showrooms as early as 2011, General Motors Corp. Vice Chairman Bob Lutz said Thursday.
Calling the effort a "moon shot," Lutz said it is vital the world's largest auto maker commits to the new technology, so it can win back its reputation as an innovator and design leader.
"This is to re-establish our technological credentials with the American public and the American media," said Lutz, who spoke at the military base where the company was delivering a hydrogen concept car that will be test-driven by Marines in coming months.
"And it has a huge re-moralizing effect in the company as our people see how serious we are," he added.
Up to $9 billion has been freed up as a result of General Motors' recent restructuring, Lutz said. The company now has more money to invest in hydrogen fuel cell-powered cars, which will form an important part of the auto giant's long-term economic recovery plan.
story continued
Associated Press
CAMP PENDLETON, Calif. - Hydrogen fuel cell-powered vehicles could hit showrooms as early as 2011, General Motors Corp. Vice Chairman Bob Lutz said Thursday.
Calling the effort a "moon shot," Lutz said it is vital the world's largest auto maker commits to the new technology, so it can win back its reputation as an innovator and design leader.
"This is to re-establish our technological credentials with the American public and the American media," said Lutz, who spoke at the military base where the company was delivering a hydrogen concept car that will be test-driven by Marines in coming months.
"And it has a huge re-moralizing effect in the company as our people see how serious we are," he added.
Up to $9 billion has been freed up as a result of General Motors' recent restructuring, Lutz said. The company now has more money to invest in hydrogen fuel cell-powered cars, which will form an important part of the auto giant's long-term economic recovery plan.
story continued
posted by anthony m, at Sunday, September 17, 2006
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