Newsflash from GM (apparently off the record), GM plans on building a plug-in hybrid that can be recharged from any domestic electric outlet. GM plans on unveiling this car at the Detroit Auto Show next year. GM now wants a share of the hybrid market which the Big Three lost out to Toyota. General Motors Corp., losing sales to fuel-efficient cars from Toyota Motor Corp., is developing a hybrid-electric vehicle with a battery that recharges at any outlet.
Now that hybrid car demand is on the rise and the profit margins are attractive, GM wants a piece of the pie.