The Car and Truck Fleet and Leasing Management Magazine

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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