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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (149618)11/11/2010 12:37:57 PM
From: Wharf Rat  Respond to of 541624
 
BOSTON — General Electric Co plans to buy 25,000 electric vehicles by 2015 for its corporate fleet and to lease to customers, in a move it said could help speed acceptance of the technology.

The largest U.S. conglomerate initially will buy 12,000 vehicles made by General Motors Co, including the forthcoming Chevrolet Volt. It plans to buy other manufacturers' electric vehicles as they are introduced.

GE makes equipment for the electric grid that will charge these vehicles and owns a stake in battery maker A123 Systems . It estimated that it could generate $500 million in electric vehicle-related revenue over the next three years.

Problem solved. Find a new hobby people. Stock in doom is about to plummet.

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