Despite all the clamor about how hybrids are going to save the planet, cure cancer, facilitate the second coming, etc., sales of battery-pack-mobiles are down nearly ten percent for 2008. At the beginning of 2008, it looked like hybrids were going to have their best year ever, driven by high fuel prices and a recessive economy. That recession, however,has caused consumers to cut way back, leading to dramatic drop in fuel prices, killing much of the argument for a hybrid's price premium. Consumer
Citing "rapidly deteriorating market conditions," GM announced major reductions today for its production plans starting in the first quarter of 2009. Plants throughout the US, Canada and Mexico will have shifts and lines "temporary idled" while GM deals with declining sales. All told, about 250,000 units will be removed from production, GM said in a statement. Most, but certainly not all, of the idled plants currently build large vehicles, something GM recently apologized for. You can find a ful
In the face of rising fuel costs and environmental concerns, GM has realized that China, the world's fastest growing auto market, is in dire need of hybrid vehicles of different shapes and sizes. Hence, amidst the re-announcement of the launch of the Buick Lacrosse (which GM is touting as China's first hybrid since it is built there as opposed to the Prius which is merely assembled in China) in July, GM China's vice president for sales, Joseph Liu, let slip that the company would also introduce
The eagle eyed spys of KGP photography have struck again, this time catching another example of the Two-Mode Hybrid version of the Cadillac Escalade. The Escalade should have the same drivetrain as the Tahoe and Yukon and follow them to market by a few months. Judging from these photos however it looks like big Caddy won't be getting any aerodynamic tweaks like it's bretheren.