GM and DaimlerChrysler engage in hybrid cars

Manufacturers General Motors (GM) and DaimlerChrysler have decided to invest the hybrid car market to catch up with their Japanese competitor Toyota. The Prius model of the latter, a vehicle running on gasoline and electricity, has conquered the American public. Fifty-four thousand units were sold this year in the United States and 100000 is expected to be sold next year. Some specialists are planning a progression
the market share of this type of automobile, which could rise from less than 1% at present to 5 to 15% in 2020.

To meet this craze, GM and DaimlerChrysler have concluded an alliance to develop, for a few hundred million dollars, a hybrid engine that they hope to market from 2007. This new engine will have to allow a fuel economy of about 25%, as well on highways as in city, and to equip any type of model, of the individual cars to the utilities and vans.

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CT 14 / 12 / 04 (GM, DaimlerChrysler teaming up on hybrid)

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