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GM Joins Hybrid Party Late

GM's commitment to hybrids comes as industry experts predict that demand for gas-electric vehicles will surge even though they cost thousands more than similar cars powered only by gas engines.

Published: 09-Jan-2006

After dismissing hybrid cars as a fad, General Motors Corp. is diving into the fast-growing business with plans to offer gas-electric vehicles for every taste and budget.

At the North American International Auto Show, GM will unveil two gas-electric sport utility vehicles, the Saturn Vue Green Line, which will retail for less than $23,000, making it the lowest-priced hybrid SUV on the market, and a Chevy Tahoe with a more sophisticated system that GM is developing with DaimlerChrysler AG and BMW AG.

When the Vue goes on sale in the summer, "people will be very surprised at the kind of price you get in a hybrid and that it will deliver very pleasing performance and 20 percent (better) fuel economy," GM Chairman and CEO Rick Wagoner told The Detroit News.

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