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]
[Source: Reuters]
