Friday, September 14, 2007
GM will beat Toyota to market by 1 year on lithium-ion batteries
Sept 10, 2007 Wall street Journal. Bob Lutz said that GM will beat Toyota to market with lithium-ion batteries by several months, maybe even a year! Toyota is having problems with their battery over heating, and Bob says "we are 100% confident we won't have heat issues" with their batteries. Oh, smack! I can't wait to hear what Toyota has to say about that one.
However, Bob adds, "Toyota will get this technology, too. ... Everybody will. ... If this stuff is going to work, everybody's going to have it." Couldn't get an exclusive contract, Bob? Anyway, Toyota has tried to downplay being the loser in the lithium-ion battery technology race. The delay of the lithium-ion Prius did not help Toyota's case for being battery technology leaders. Toyota senior vice president Don Esmond bet $100 that they will have the first lithium-ion vehicle on the market. Wow, times sure do change fast.
Read full Article
However, Bob adds, "Toyota will get this technology, too. ... Everybody will. ... If this stuff is going to work, everybody's going to have it." Couldn't get an exclusive contract, Bob? Anyway, Toyota has tried to downplay being the loser in the lithium-ion battery technology race. The delay of the lithium-ion Prius did not help Toyota's case for being battery technology leaders. Toyota senior vice president Don Esmond bet $100 that they will have the first lithium-ion vehicle on the market. Wow, times sure do change fast.
Read full Article
