EXCLUSIVE-UPDATE 1-GM cancels luxury plug-in hybrid-sources

Newswire

* Cadillac hybrid program employees reassigned-sources * Program was expected to lose money-sources * Hybrid technology has improved since development began By Ben Klayman and Deepa Seetharaman DETROIT, May 27 (Reuters) - General Motors Co has canceled plans to develop a plug-in hybrid vehicle based on the current Cadillac SRX crossover platform, deciding the project was not financially viable, three people with direct knowledge of the project said. While two of the sources said ...

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