General Motors, BMW, and DaimlerChrysler plan to invest over $1 billion to develop a hybrid transmission and related systems. Currently, the automakers have about 500 enginees who have been working for the past 18 months on the development of a next-generation hybrid engine. According to Andreas Truckenbrodt, executive Director of DaimlerChyrsler's hybrid programs, "It's truly amazing what you can get if you bring wild, dedicated engineers together." Click here for more information.