General Motors Corp. and DaimlerChrysler AG agree to jointly develop a fuel-saving, 2-mode hybrid-electric powertrain system, due in three years, with investment reaching into the “hundreds of millions” of dollars. While both companies will provide intellectual property and capital, the cooperative program is based on GM’s Advanced Hybrid System 2 (AHS2). Timing for the hybrid system’s rollout also corresponds with GM’s previously announced schedule – late 2007 – for its Chevrolet Tahoe ...

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