GM boosting efforts in hybrid vehicles - exec

Newswire

MILFORD, Mich., Sept 29 (Reuters) - General Motors Corp. sees value in unprofitable hybrid vehicles and is boosting efforts in their development, the automaker's vice chairman said on Thursday. Robert Lutz acknowledged the world's largest automaker has lagged in the development of hybrids, which twin a gasoline engine to an electric motor and batteries to boost fuel economy. "That will change very quickly as we roll out our various categories of hybrids, but right now we're not where we ...

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