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Technology Stocks : Energy Conversion Devices

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To: Don Devlin who wrote (2245)9/8/1998 4:11:00 PM
From: Tom Hoff   of 8393
 
More evidance that GM is committed to hybrid vehicles.

General Motors, Isuzu to Build Diesel-Engine Plant in Ohio

Moraine, Ohio, Sept. 8 (Bloomberg) -- General Motors Corp., the world's largest automaker, said it will build a diesel-engine plant with Isuzu Motors Ltd. in Moraine, Ohio, that's expected to cost more than $300 million and employ 700 workers.

The company plans to hold a groundbreaking ceremony tomorrow at the site of the plant, which is scheduled to begin production in 2000. GM Chairman Jack Smith and Isuzu Chairman Kazuhira Seki will speak at press conferences.

GM has a 37.5 percent stake in Isuzu, and develops diesel engines and trucks with the Japanese company. Isuzu has a direct- injection diesel that GM will use with an electric motor to power an alternative-fuel car that could be made as soon as 2001.
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