GM Bids for Lead In Electric Car Race

By: Associated Press
By: Associated Press

General Motors has signed an agreement with a battery maker that could vault it ahead of Toyota in the electric car race.
A123 Systems in Massachusetts already produces thousands of lithium-ion batteries for use in cordless power tools, and it plans to apply the technology to automobiles.
GM Vice Chairman Bob Lutz says the deal, coupled with Toyota delaying launches of lithium-ion hybrids for up to two years, could give GM the lead in bringing the technology to market.
He says the lithium-ion battery being discussed by GM is different than one that Toyota's using.
A123 expects to have the batteries ready for GM to test in vehicles by October. GM still hopes to have an electric car on the market by 2010

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