DaimlerChrysler, GM sign hybrid-vehicle pact

Newswire

FRANKFURT, Aug 25 (Reuters) - DaimlerChrysler and General Motors Corp have clinched their deal to co-develop new hybrid vehicle technology, a GM spokesman said on Thursday. The partners had announced in December an agreement in principle to develop hybrids as they try to catch up with Japanese rivals on the fuel-saving systems that reduce harmful emissions. "We now have a binding and definitive agreement on development of a full hybrid system," the spokesman said, adding it took effect ...

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