GM,Chrysler Promise Electric Cars In Midst of Industry Gloom
DETROIT -- General Motors Corp. and Chrysler LLC, kept in business by $17.4 billion in emergency loans, are showing off electric vehicles at the Detroit auto show that stretch the limits of current technology.
Chrysler is forecasting sales of battery-powered cars exceeding 100,000 a year by 2013 and GM is counting on selling 60,000 of its first such model in the year after it goes on sale in 2010.
“If you’re going to be around, this is the type of thing you have to do,” said Michelle Krebs, senior editor of consumer research company Edmunds.com.
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