8/12/2006

Automakers to invest in hybrid project

Filed under: — By Aviran Mordo @ 12:59 pm

A research alliance consisting of General Motors Corp, BMW AG and DaimlerChrysler AG plans to invest over $1 billion in the development of a new hybrid transmission and related systems that backers say will leapfrog the market-leading technology now offered by Toyota Motor Corp.

The three automakers have about 500 engineers who have been working for the past 18 months on the joint development of the next-generation hybrid engine technology, which combines a battery-powered electric motor with a conventional gasoline combustion engine, company representatives said on Friday on the sidelines of an industry trade meeting.

The so-called dual-mode hybrid technology that has been under development by the consortium includes an onboard fuel-optimization computer that determines when and at what speeds the two motors will be used for power and how the on-board battery will be recharged.

Source: Reuters

 

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