GM forms new engineering group for electric and hybrid vehicles
The move is aimed at bringing advanced fuel-efficient vehicles to market more quickly. Robert Kruse, executive director of vehicle engineering for hybrids, electric vehicles and batteries, will lead the group. Teams will be based in North America, Europe and Asia.
"The future of automotive transportation will be based on electrification of our vehicles," Jim Queen, GM's group vice president of global engineering, said in a statement. "By having a vehicle engineering team in place and focused on delivering the technical aspects of hybrids and E-REVs, we can accelerate these programs and get them into production quickly and efficiently."
The team will oversee work on production versions of GM's advanced powertrain vehicles such as the Chevrolet Tahoe and Silverado two-mode hybrids, Chevrolet Malibu hybrid, Saturn Vue two-mode plug-in hybrid, Saturn Vue and Aura Hybrid, GMC Yukon and Sierra two-mode hybrid and Cadillac Escalade two-mode hybrid, Dow Jones reported.
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Customers on the hook for $5.5 billion in deferred BC Hydro operating costs: report
VICTORIA - Auditor General Carol Bellringer says BC Hydro has deferred $5.5 billion in expenses that it plans to recover from ratepayers in the future.
Bellringer focuses on the deferred expenses in a report on the public utility's use of rate-regulated accounting to control the prices it charges customers.
"As of March 31, 2018, BC Hydro reported a total net regulatory asset of $5.455 billion, which is what ratepayers owe," says the report. "BC Hydro expects to recover this from ratepayers in the future. For BC Hydro, this is an asset. For ratepayers, this is a debt."
She says rate-regulated…
