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GM will not request more federal aid, CEO says
The price is still to be determined. I have a policy of pricing the vehicle when I get close to the market. I know the cost is close to 40 [thousand].
What will it take for electric cars to gain a foothold in the market?
The three things you need are battery costs coming down, motor costs coming down, control costs coming down. That means more people have to do it.
The more companies that actually develop technologies around electric, the more the supply structure will develop, the better off we'll be . . . We can't carry the load ourselves. GM can't. No way. We need to have more companies. We source most of these things. We don't do them. We're not in the chemistry business.
Everybody is trying to solve the problem of range because we have range anxiety. The consumer doesn't want to be strained. We had the same problem with EV1 [an earlier electric car GM experimented with] -- not enough range.
Is GM pulling back on its hydrogen car?
Are we putting resources into it? Not as much. . . . We spent through the mid-part of this decade a reasonably high portion of our research and our development money on hydrogen fuel cells. We put 100 vehicles into the market. Consumers have tested them . . . We've learned a lot. The vehicles work. The issue is always cost, 100 percent cost.
[He put the cost of the vehicles at upwards of $400,000.] It's still a ways away from commercialization. No question.
Critics have said the GM culture is too insular. None of the people who report directly to you [Henderson] are new to GM. Is that a problem?
Yeah . . . Almost all of them are new in their jobs which I think provides an interesting perspective. We've changed a lot of people . . . I do think there is a benefit to bringing in some fresh perspective.