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Page added on August 4, 2008

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GM Executive Raises Natural Gas As Alternative To Gasoline

DETROIT -(Dow Jones)- General Motors Corp. (GM) may add natural gas to the arsenal of energy alternatives it hopes will one day make gasoline a scarcity on U.S. roads.

GM’s top researcher said in a recent blog posting that the auto maker considers natural gas an “enticing” alternative to petroleum, signaling a new interest in the fuel by GM as it struggles to combat the effects of soaring gasoline prices.

“It is abundant, affordable and relatively clean,” Larry Burns, GM vice president of research and development, said in a posting on GM’s Fastlane blog.

The world’s auto makers are scrambling to find new, commercially viable alternatives to gasoline as the reality of $4-per-gallon gasoline wreaks havoc on the U.S. auto industry.

CNN Money



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