Electric cars Blog

October 7th, 2008 by admin

At the General Motors Corporation’s annual meeting, GM chairman Richard Wagoner emphasized to the shareholders that the Detroit car company is serious about accelerating the development of the new technology to develop electric car for sale, that is required to power the electrified Chevrolet Volt.

Wagoner frankly said that it is about time to move beyond the limits of exclusive reliance on the traditional regulatory approaches that visibly has not resolved the critical problems on new fuel economy standards. He added that Americans deserve a positive move that would embody solutions which will give the appropriate solutions to the overriding problems.

He sited bio-fuels as examples. He said that bio-fuels have the biggest potential to really minimize US oil consumption (for the country to further increase production of goods); limit imports of oil that makes the US economy very dependent to oil exporting countries; and lessen emissions of carbon gas that is severely making a negative impact on the environment.

A sharp response from environmental and consumer groups was implied by the appearance of Wagoner and counterparts Tom LaSorda of Chrysler and Alan Mulally of Ford.

About General Motors Corporation:

General Motors Corporation is the largest auto company in the world by sales revenue according to the 2006 records. Founded in 1908 in Flint, Michigan, it has its global headquarters at the Renaissance Center in Detroit, Michigan, USA. It manufactures its line of products in 33 countries around the world.

It sells it products under the marques of Cadillac, Chevrolet, Corvette (as a stand-alone brand in Europe and Japan), Daewoo, Elmore, GMC, Holden, Hummer, LaSalle, Marquette, Oakland, Oldsmobile, Opel, Pontiac, Saab, Saturn, Lotus, and Viking.

Aside from cars and other vehicles, General Motors also manufactures top of the line auto parts.