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A new report released by the University of Michigan Transportation Research Institute ( UMTRI ) analyzes critical choices faced by automakers and finds that broad, deep, fast change is necessary for success in the context of the worst financial crisis in the history of the domestic automobileindustry. Click to enlarge.
General Motors will invest $336m in a Detroit-area assembly plant, bringing to $700m total investment in eight Michigan facilities to begin mass production of the rechargeable Chevrolet Volt electric car in late 2010. Michigan has approved $135.2m Here is the full text of the entire article, in case the link goes bad: [link].
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Company says its focusing on gasoline and hydrogen. USA Today ) 10/25/06 DaimlerChrysler is downright reluctant, even though it has built four test models, commercial-size vans that run on gasoline and electricity. This is different from anything Ive ever seen in my 40 years in the automobileindustry." ( Detroit Free Press ).
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