GM Plans to Sell Fuel-Cell Vehicles by 2010

The Daily Auto Insider Monday, September 18, 2006
General Motors intends to spend heavily over the next few years to develop hydrogen-powered fuel-cell vehicles for sale by 2010, The Wall Street Journal reported, citing GM executives.

GM plans to begin selling a thousand or more fuel-cell vehicles by 2010 and perhaps hundreds of thousands a year by 2015, the story said. Fuel-cell vehicles use a chemical reaction to convert hydrogen gas into electricity that powers an electric motor.

GM Vice Chairman Robert Lutz told the WSJ that GM almost certainly won't make money on its early fuel-cell vehicles but he said being in front on the new technology would help turn around consumers' view of the company.
Leading on fuel cells “can be a game-changer for GM," Lutz said.