General Motors Co is exploring options in the aerial taxi market, including whether to build the vehicles known colloquially as"flying cars", as part of a push by the US automaker to look for growth in related transportation markets, two people familiar with the matter said.
Air taxis are vertical take-off and landing aircraft that use electric motors instead of jet engines. Designed to avoid the need for long runways, they have rotating wings and, in some cases, rotors in place of propellers. GM is weighing all options – whether to build, supply or partner – as it decides whether to join such automakers as Hyundai Motor Co, Toyota Motor Corp, Daimler AG, Volkswagen AG and Geely Automobile in the still-developing market, said the sources, who asked not to be identified. GM could make an announcement early next year.
Other efforts that originated in the innovation group include formation of a defense business unit and a US$214mil contract to build troop carriers for the US Army based on the Chevrolet Colorado pickup, as well as a new mobile app for OnStar members.
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