GM Daewoo Auto & Technology is planning to present a hybrid car in South Korea as the domestic market there is showing its willingness to embrace green car technologies.
It is revealed that the Korean car maker is carrying out experiments to build environment-friendly cars, including a hybrid model. It is said that the models of the new cars would be a joint effort between GM Daewoo and its Detroit headquarters.
The development and production of hybrid models were included in a union-management agreement. It is expected that the production of the hybrid car might begin in 2011, but an exact time has not been fixed.
GM Daewoo Auto & Technology is the Korean unit of the troubled General Motors in the United States. It was established on October 17, 2002. The company has five manufacturing facilities in Korea as well as an assembly facility in Vietnam.
In addition, General Motors Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela.
In 2008, GM Daewoo sold in Korea and exported more than 1.9 million units, including Completely Knocked down (CKD) products. GM Daewoo now produces cars and kits to offer in more than 150 markets on six continents.
Daewoo will be the second car manufacturer to develop hybrid models in Korea, following Hyundai-Kia Automotive.
Labels: General-Motors, GM-Daewoo-Auto-and-Technology, Green-Car-Technology, Hybrid-Car
2 Comments:
GM Daewoo finally decided to go green. Korea has already seen its first hybrid from Hyundai. These days all the car makers are embracing the green technology. They are emphasing on reduction of CO2 and less fuel comsuption.
So far all of GM future plans look hazy. So why should GM Daewoo be so important. one of its most important Chevrolet Volt electric car project has been pushed to oblivion forever. It is only in countries like India that General Motors continues to sell cars. Otherwise there are no takers for them in United States. The electric car project is too tedious for GM.
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