Skip navigation
advertisement

GM likely to launch new plug-in hybrid

Paper: Vehicle will be shown at Detroit Auto Show in January

  LIVE QUOTE
Quotes delayed 15+ min.
  Latest interest rates
MortgageHome EquitySavingsAutoCredit Cards
See today's average mortgage rates across the country.
Loan typeToday+/-Last week
30-year fixed
5.08%
5.07%
15-year fixed
4.41%
4.49%
30-year fixed jumbo
5.90%
5.88%
5/1 ARM
4.05%
4.07%
7/1 ARM
4.58%
4.61%
See today's average home equity rates across the country.
Loan typeToday+/-Last week
$30K HELOC
5.19%
5.18%
$30K home equity loan
8.25%
8.27%
$75K home equity loan
8.20%
8.21%
$50K home equity loan
8.18%
8.18%
$50K HELOC
4.92%
4.92%
See today's savings rates across the country.
Savings typeToday+/-Last week
Money market
.90%
.87%
$10K money market
.98%
.96%
Six-month CD
.88%
.89%
One-year CD
1.29%
1.30%
Five-year CD
2.62%
2.63%
See today's average auto rates across the country.
Loan typeToday+/-Last week
48-month new car loan
6.51%
6.56%
36-month used car loan
6.96%
6.99%
36-month new car loan
6.38%
6.43%
60-month new car loan
6.54%
6.59%
72-month new car loan
6.03%
6.03%
See today's average credit card rates across the country.
Card typeFixedVariable
Standard13.92% 12.53%
Gold11.74% 10.84%
Platinum11.30% 14.38%
All12.40% 13.63%
  Interactives
Image: Plymouth for dead car brill
Dead car brands
Look at vehicles racing on the great highway in the sky.
Saab stories, pictures
Msnbc.com readers share photos of their Saabs.
Image: The Hyundai Sonata is displayed at the LA Auto Show in Los Angeles
Ten cars for 2010
These innovative designs — with technology to match — take to the roads.
updated 11:42 a.m. ET Nov. 10, 2006

DETROIT - General Motors Corp. will likely unveil a prototype plug-in hybrid at the North American International Auto Show in Detroit in January, a local paper reported Friday.

The advanced technology vehicle would have an extended driving range on battery power and would also have a diesel or gasoline engine that could power the car when the battery was low, the Detroit News said, citing unnamed GM officials.

Plug-in hybrids are gas-electric vehicles that can recharge their batteries with an extension cord and a normal wall outlet.

Story continues below ↓
advertisement | your ad here

GM, which is trying to recover from a $10.6 billion loss in 2005 and stop a slide in U.S. market share, has been criticized for relying heavily on gas-guzzling sport utility vehicles. This year, it has also drawn sharp criticism for its decision to kill its EVA electric car program.

The EVA was introduced at the 1997 Los Angeles Auto Show and leased to selected customers. But GM pulled the plug on the project in 2002, citing insufficient public support.

The automata eventually collected and destroyed almost all of the 1,000 EVA cars, prompting the making of a documentary titled “Who Killed the Electric Car?”

The film was released this summer to wide acclaim from environmentalists and others concerned about the country’s dependence on oil.

In an interview with Motor Trend published in July, GM Chief Executive Rick Wager said killing the $1 billion EVA program was his worst decision. He said it did not affect the automata's profitability, but did hurt its image.

The Detroit News said Wager will talk about GM’s emphasis on advanced technologies in a speech he plans to deliver at the Los Angeles Auto Show later this month.

Other  are also researching plug-in technology, including Toyota Motor Corp., the world’s leading producer of hybrid vehicles.

Honda Motor Co. Ltd. has also called for exploring plug-ins and is conducting advanced research on hydrogen.

Ford Motor Co. has a fleet of hybrid hydrogen fuel cell vehicles as part of “real world testing of fuel cell technology.”

Copyright 2009 Reuters. Click for restrictions.

Sponsored links

Resource guide