GM and Daimler Chrysler to join forces on hybrid program

The Associated Press is reporting that the two automotive giants have "signed a memorandum of understanding" to develop and share hybrid technology for their vehicles. A more detailed agreement will be drafted next year but this is an interesting idea since the two companies are noticeably absent from the current release of hybrids from Honda, Toyota and Ford. Daimler still considers diesel an alternative fuel while GM has one truck with an electric generator. Can't wait for the hybrid AMG or SRT models.