General Motors sees ethanol, fuel cell future while hybrids are for 'image'

In an interview this week, Rick Wagoner, CEO of General Motors, stated GM plans to make ethanol its primary means to reduce U.S. dependence on foreign oil. The company is not only seeking ways to increase E85 distribution but also plans to bring fuel cell technology to market by 2010. Wagoner emphasized that while the world's largest automaker will continue to manufacture hybrid vehicles such as the hybrid Saturn Vue, it was more for "image" than actual long-term demand. It will be interesting to see if his words are prophetic since hybrid sales have been static despite rising fuel costs.
[Source: Reuters]