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GM May Gamble with Fuel Cells

October 1, 2002

Richard Wagoner, chief executive officer of GM, said that the company’s leadership team is nearing a decision on a possible $500 million investment in a 2008 rollout of a line of fuel cell vehicles, Bloomberg News reported.Fuel cells, which use hydrogen and oxygen to produce power, are seen by many as a solution to the United States’ dependence on oil and reducing potentially harmful emissions from car and truck engines. Wagoner said that he favors producing the cars as a way to reduce so-called greenhouse gases that scientists say are warming the Earth, Bloomberg News reported.
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