DaimlerChrysler, GM Team on Hybrids

Automakers will jointly develop new hybrid motors to compete with Japanese rivals.

Published: 14-Dec-2004

FRANKFURT (Reuters) - DaimlerChrysler and General Motors will jointly develop new hybrid motors to compete against Japanese rivals on the fuel-saving technology that reduces harmful emissions, the companies said Monday.

The goal is to make advanced hybrid propulsion systems that will improve acceleration and fuel economy for GM, Chrysler and Mercedes Car Group vehicles, according to a joint statement.

The accord teams GM (Research), the world's biggest carmaker, and German-American DaimlerChrysler (Research), the global number five, against rivals including Toyota Motor Corp. (Research) and Honda Motor Co. (Research) who have a head start in the hybrid market.

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