Wednesday, September 16, 2009
Indian electric cars spark GM interest
General Motors is poised to join forces with the Indian start-up that leads the world in budget electric cars in a deal that could come to define the fallen American giant's efforts to reinvent itself.
GM, which is struggling to reform its image as the maker of gas-guzzling SUVs, is in advanced talks with Reva, based in Bangalore, whose G-Wiz is the best-selling electric car in the UK.
The discussions centre on the creation of a 50-50 joint venture that would give GM access to the Indian company's technology.
DATED: 16.09.09
FEED: AW
