#reva
Mahindra Buys Out REVA, GM Takes EV Spark Development In-House
GM’s plan to develop an electric version of its (previous-generation) Chevrolet Spark city car for developing markets had been dependent on a joint development deal with REVA, the Indian firm responsible for such vehicles as the REVAi (known to Brits and Top Gear fans as the G-Whiz). But with the AP [via BusinessWeek] reporting that Mahindra & Mahindra has bought a 55 percent stake in REVA, GM’s deal to use REVA’s technology in its Daewoo-developed hatchback appears to be off. GM had already scaled back its cooperation with REVA, delaying the planned release of the Spark EV and focusing on fleet testing the car. But, says GM India President Karl Slym
Now we’ve stopped the test fleet as well. We were doing it purely as something to learn. Now there’s no real benefit to that. We may as well stay with the GM solutions.
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