GM India and Reva Electric Car Co. Partnering to Expand Eastern Presence
December 8, 2009 Kyriaki (Sandy) Venetis Despite the global recession, General Motors India and Reva Electric Car Co. are set to close the year on a high gear.
At last week’s Los Angles Auto Show, Robert A. Lutz, GM’s vice chairman of global product development, said, “Today, we have a much healthier balance sheet, with significantly less debt. We’re positioned to be profitable in anything close to a normal automotive sales market. And, we’ll begin to repay our government loans sooner than expected, starting this month.”
On the international front, Mr. Lutz remarked about GM’s newest ‘green’ India partnership, saying, “In September, we signed an agreement with Reva Electric Car Company to cooperate in the development of small car platform based electric vehicles for India.
“Our goal is to jointly develop, with Reva, electric vehicle technology, and advanced vehicle control systems. We’re also working closely with the government of India to develop an electric vehicle infrastructure.”