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"We have since realized that letting Toyota gain that mantle of green respectability and technology leadership has really cost us dearly in the marketplace," Lutz said.
40 MILES ON BATTERY
GM is designing the Volt to run 40 miles on battery power alone, with an on-board gasoline-powered engine as a backup.
The Volt would be outfitted with new lithium-ion battery packs, which hold a charge longer than the nickel metal hydride batteries now used widely in automobiles.
Automakers say lithium-ion technology remains the biggest challenge in producing a plug-in as they try to lower the cost of the batteries and boost their power and storage capacity.
Also, the current generation of lithium-ion batteries, used in devices like laptop computers, have a tendency to overheat.
Don't expect the expected from Dibakar Banerjee.
Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry ...
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