Financial Times FT.com

GM eyes electric-car initiative

By Bernard Simon in Traverse City, Michigan

Published: August 12 2007 22:00 | Last updated: August 12 2007 22:00

General Motors may allow buyers of its Chevy Volt electric car to rent the vehicle’s battery as a way of pricing the vehicle at a comparable level to a traditional, petrol-driven family saloon.

The Volt is emerging as one of the most crucial vehicles in GM’s history. Failure would be a deep embarrassment after the fanfare surrounding its development. But success could propel GM past Toyota as a pioneer in alternative energy vehicles. GM has assigned 150 engineers to the project.

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