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Moto Guzzi V12 Strada Concept

BMW F800R motorcycle specifications

GM invests $5 million in electric car

Bright Automotive and General Co. announced Tuesday they agreed to pursue a strategic and that GM has provided funding to the automaker, the first funding by the newly formed General Ventures LLC.

The funding help accelerate Bright’s of the IDEA, a revolutionary plug-in commercial vehicle.

“This is an important step forward for and a strong endorsement of our highly automotive team and our incredible said Reuben Munger, Automotive Chairman and CEO. this deal, Bright financial support that us on the fast track toward production of the IDEA. And perhaps as importantly, we gain a strategic that is a world leader in

The companies signed a memorandum of in July. GM Ventures provided to Bright this week, and the two intend to complete the formal later this year. completion of the agreements and other General Motors Ventures have a minority stake in Automotive and Bright would access to GM technologies, and advanced and transmission systems, for its vehicle.

Funding early-stage start-up is a new way of doing business at GM to accelerate the of innovative technology to support our automotive business and give us a advantage, said Jon Lauckner, of GM Ventures. In this case, our of Bright Automotive will the introduction of advanced propulsion and technologies in the commercial vehicle

Moto Guzzi V12 Strada Concept
Moto Guzzi V12 Strada Concept

“We talked with several automakers, but GM clearly had the right the most capable technology, and the alignment with our business said Michael Brylawski, Automotive executive vice “We are thrilled to work with GM to American jobs, stimulate development, and build an innovative vehicle that will reduce oil dependence and cut costs for

In developing the IDEA, Bright with a clean sheet of listened to customers, and took a approach to product development focused on light-weighting, aerodynamics and a efficient drivetrain. The result is a vehicle for business fleets — the designed to be highly efficient and a clear economic benefit.

The delivers a positive total of ownership to fleet customers by significantly greater fuel than current fleet in its class. The IDEA operates in mode for 40 miles before to an estimated 36-mpg hybrid for 100+ mpg potential based on driving behavior.

Funding through GM Ventures allow Bright to begin up the development of the production program for the in the third quarter of 2010. continues to seek a low-interest through the Department of Energy’s program. Financial terms not disclosed.

Moto Guzzi V12 Strada Concept
Moto Guzzi V12 Strada Concept
Moto Guzzi V12 Strada Concept

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