August 15, 2008
Bangkok - General Motors and PTT Plc yesterday signed a deal to jointly research into alternative fuels for cars.
"The strategy will focus on alternative energy that is socially responsible, economic, environment-friendly and with practical technology," GM chief executive
Richard Wagoner said in a statement.
GM and PTT will cooperate to study possible markets as well as the necessary infrastructure to benefit from increasing use of alternative fuels.
Ways to enhance the ethanol production from crops which are not used for food will be sought.
Hydrogen fuel, low-cost hybrid engines as well as other fuel-saving technologies in Thailand and Southeast Asia will also be studied.
Yesterday, GM announced its plan to build the new diesel engine plant and to upgrade its existing assembly plant.
The new plant will start its operation in 2010.
Thailand is the world's leading producer of one-tonne pickups.
