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Hybrid Power Trains * USA - Alte Targets Fleets with Retrofitted Ones
Retrofitting tiny fraction of entire US fleet inventory could generate $2B in annual revenue by 2013
New York,NY,USA -Forbes by Christopher Steiner -December 28, 2009: -- If gas prices hover at $3/gal, taxis, limos, vans, shuttle buses benefit more from hybrids than consumers... Alte, new company in Detroit, will be retrofitting existing fleets w/ hybrid power trains. Most hybrids like Prius have 2 drive trains; 1 turned by battery power, the other by gasoline engine... Alte's design involves single shaft spun by battery-powered electric motor. Small gasoline engine powers generator when needed. Saves parts, weight, fuel, though not enough to justify cost unless incurring miles like fleets do... CEO John Thomas, mechanical engineer, former head of MI sedan program at Tesla, expansive about Alte's potential... Alte plans to sell drive-train kits thru 100 dealerships paying 1-time $200K fee for licensed Alte territories. With 900 conversions per year, dealership win at least 4 service bays would make $1.4K-$2K in pretax profit per vehicle... Ex-Chrysler chief executive Thomas LaSorda signed on as an investor, board member... (Photo: Eyes on the prize. Chief Executive John Thomas shows off his hybrid power train.)Labels: hybrids power system
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