GM may Partner with Raser (RZ) for 100 MPG HUMMER
7000 PEOPLE IN LINE TO BUY RASER (Stock sign RZ) HUMMER
hybrid H3, which company says gets 100 miles to the gallon
BY Samantha Strong
DAILY NEWS WRITER
Saturday, May 2nd 2009, 4:00 AM
Stock Sign RZ had the HUMMER outside the stock exchange Friday. Incredible value for a low priced stock.
Hummer, the gas-guzzling king of SUVs, has a new model coming out that could turn its image on its head – and leave the Prius in the dust.
The GM-owned Hummer brand has teamed with Raser Technologies to produce a hybrid H3, which the company boasts gets 100 miles to the gallon. That’s nearly double what Toyota’s blockbuster hybrid gets, and Hummer says its model is better because it’s bigger. It holds a whopping 600 pounds of lithium-ion battery packs.
“Most people attack big cars,” said Raser Chairman Kraig Higginson. “They say the solution is to buy small vehicles which get better gas mileage. But no, we need a better technology.”
The vehicle drew admiring stares Friday on display outside the New York Stock Exchange.
With the macho bravado that typifies the brand, Raser called the H3 a “Chevy Volt on steroids.”
It can go the first 40 miles or so on pure electricity. Then gasoline powers its 260-horsepower, four-cylinder engine as well as a generator that recharges the batteries.
Technically, the 100-mile-per-gallon figure applies only to the first 60 miles. Fuel economy diminishes when the engine shifts from electric power to gas, so an 11-gallon fillup will get you about 400 miles, or roughly 36 miles to the gallon.
The H3 hybrid takes about eight hours to fully charge in a standard outlet, and half that in a 220-volt outlet.
The vehicle will not hit the streets until 2011, but 17,000 people have already gotten in line to place orders. The hybrid Hummer is expected to cost approximately $50,000.
Read more: “Hummer to produce hybrid H3, which company says gets 100 miles to the gallon” – http://www.nydailynews.com/money/2009/05…
Well, there you have it, it appears that GM and Hummer have committed to Raser’s Hummer and are taking pre-orders.
Sentiment : Strong Buy
Finally we have a surfaced conspiracy on our hands. There are more zero emission vehicles made by more companies than “Google” can count and GM say’s there gonna launch the 1st hybrid Hummer H3 and funded by the Bailout money as well. excuse me for not getting super excited.