Third automaker may join GM, DCX hybrid development effort
#1
03-25-2005, 01:15 PM
Third automaker may join GM, DCX hybrid development effort
By year end, a third automaker may join the DaimlerChrysler AG and General Motors partnership developing hybrid technology.
"There are discussions under way. They are very lively and very serious," Dieter Zetsche, Chrysler group CEO, said last week after a speech here. "I would not be surprised if within this year we would come up with an additional" partner.
Zetsche would not specify the automaker.
Several auto companies have expressed interest in joining the hybrid development venture, Zetsche said in a speech to the Detroit Economic Club.
"We've structured the program to allow for additional automotive partners," he said.
"There are discussions under way. They are very lively and very serious," Dieter Zetsche, Chrysler group CEO, said last week after a speech here. "I would not be surprised if within this year we would come up with an additional" partner.
Zetsche would not specify the automaker.
Several auto companies have expressed interest in joining the hybrid development venture, Zetsche said in a speech to the Detroit Economic Club.
"We've structured the program to allow for additional automotive partners," he said.
My question is: why would they want more partners unless they are unable to compete with the Japanese automakers with their current plan?
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