GM Daewoo to Release Hybrid Car in Korea

GM Daewoo will introduce a hybrid car here at the end of next year. That will intensify competition among hybrid models in the domestic market after Toyota unveiled a hybrid vehicle here in September and Hyundai is to mass-produce a hybrid car here by 2009. GM Asia-Pacific president Nick Reilly was in Shanghai on Tuesday, where he said the carmaker will introduce a hybrid vehicle at the end of 2007 or in early 2008 in Korea. He added GM's first hybrid vehicle to be released here will be a SUV like its Winstorm model. story continued