Another hot rumor bites the dust:
General Motors won't rely on Toyota technology for its hybrid programs, a top GM r&d exec says.
"Nobody knows whether hybrid-vehicle demand will remain at 3 percent of new-car demand or go up to 15 percent," Larry Burns, GM's vice president for r&d, told a Japanese reporter last week. "If the market goes up, we have to develop hybrid technology by ourselves."
Rumors have swirled in the Japanese press that GM was near a deal with Toyota Motor Corp. on hybrid technology. The swirl became a frenzy after GM CEO Rick Wagoner and Toyota President Fujio Cho dined privately in Japan two weeks ago.
But Burns - who ought to know, since he heads alternative powertrain research at GM - stuck a fork in those rumors last week in a Nihon Keizai Shimbun newspaper interview.