CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
CNNMoney.com
Personal Finance > Autos
graphic

Postal Service to use GM fuel cell van
The United States Postal Service will be the first company to use the GM vehicle in the U.S.
June 16, 2004: 2:50 PM EDT

NEW YORK (CNN/Money) - General Motors is promoting its fuel cell technology, announcing Wednesday a deal to lease a fuel cell minivan to the United States Postal Service.

The federal mail carrier will be the first company to use the GM vehicle in the United States.

"The postal service operates everywhere in the U.S., giving us maximum flexibility to expand the relationship in areas or regions where a hydrogen infrastructure gets kicked off," said Larry Burns, GM's vice president of research and development and planning, in a press release.

As part of the two-year agreement, the U.S. Postal Service will use the minivan to deliver mail in and around Washington, D.C. beginning in September.

The start date coincides with the opening of the nation's first hydrogen pump at a retail gas station in the nation's capital, which GM (GM: up $0.27 to $47.91, Research, Estimates) had its hand in promoting.

Last May, the world's No. 1 automaker and Shell Hydrogen announced a partnership to provide hydrogen for GM vehicles operating around the nation's capital.

Federal Express (FDX: up $0.74 to $78.14, Research, Estimates) and Dow Chemical have already begun using products powered by GM fuel cells. FedEx started using a GM minivan to deliver packages in Tokyo last year and Dow (DOW: down $0.34 to $38.89, Research, Estimates) is using a fuel cell to help power a chemical plant at a 30-square-mile site in Freeport, Texas.

GM would not comment on the financial terms of its deal with the U.S. Postal Service.  Top of page




  More on AUTOS
Muscle car madness?
Dodge: 'Guy cars' only
Concept cars worth watching
  TODAY'S TOP STORIES
Will the Senate health bill tame costs?
Wall Street looks for cheery open
Debt limit: What's the big fuss?




graphic graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.