GM and Toyota End Hybrid Partnership
General Motors and Toyota Motor, the world's two largest automakers, will end their 7-year partnership on fuel cell research.
The companies agreed to extend the deal for other technology collaboration, GM said Thursday.
The current agreement, which was to expire at the end of March, will be renewed for another two years, with a focus on safety and congestion-related technologies, GM said.
GM has spent about $1 billion on fuel-cell research since its inception in 1999 and expects to spend another $1 billion to develop technology for a model whose cost, performance and durability will be competitive with gasoline models, a GM spokesman said.
But the automakers put an end to that part of the deal. "The purpose of this agreement is to focus on advanced and emerging technologies. Fuel cells had been our focus for the last 7 years," spokesman Scott Fosgard said.
"Because of the advances we've made, that type of technology is passing from the research area to the design area, so we do not have a need for such projects on fuel cells," he said,
Toyota, GM and other automakers are working to create vehicles that rely less on gasoline as energy prices rise and governments pass stricter laws controlling emissions.
Fuel cells rely on hydrogen, which reacts with oxygen to create electricity and power vehicles. The only emission is water vapor.
CNN
The companies agreed to extend the deal for other technology collaboration, GM said Thursday.
The current agreement, which was to expire at the end of March, will be renewed for another two years, with a focus on safety and congestion-related technologies, GM said.
GM has spent about $1 billion on fuel-cell research since its inception in 1999 and expects to spend another $1 billion to develop technology for a model whose cost, performance and durability will be competitive with gasoline models, a GM spokesman said.
But the automakers put an end to that part of the deal. "The purpose of this agreement is to focus on advanced and emerging technologies. Fuel cells had been our focus for the last 7 years," spokesman Scott Fosgard said.
"Because of the advances we've made, that type of technology is passing from the research area to the design area, so we do not have a need for such projects on fuel cells," he said,
Toyota, GM and other automakers are working to create vehicles that rely less on gasoline as energy prices rise and governments pass stricter laws controlling emissions.
Fuel cells rely on hydrogen, which reacts with oxygen to create electricity and power vehicles. The only emission is water vapor.
CNN
posted by Ottawa Gas Prices | 8:46 PM
0 Comments:
Post a Comment
<< Home