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General Motors Deal Hints at a Future for Natural-Gas Powered Cars
Jul. 07, 2011 11:11AM PST
Oil and Gas InvestingReuters reports that General Motors (NYSE:GM) entered into an agreement with Westport Innovations Inc. (TSE:WPT) to develop natural gas engine controls, emissions and performance strategies.
Reuters reports that General Motors (NYSE:GM) entered into an agreement with Westport Innovations Inc. (TSX:WPT) to develop natural gas engine controls, emissions and performance strategies.
The market news is quoted as saying:
Natural gas, which is cheaper and cleaner-burning than gasoline, has been used increasingly in buses and heavy trucks over the last decade. But the alternative fuel has not yet made its way into mainstream light-duty trucks and vehicles.