GM's Lutz Argues Critically Acclaimed Cars Like Hybrid Prius are Bad Business
DETROIT (CNN/Money) - General Motors Corp. has no plans to try to answer the success of the Toyota Prius, the critically-acclaimed gas/electric hybrid car, said Robert Lutz, GM's vice chairman of product development.
The Toyota Prius It just doesn't make environmental or economic sense to try to put an expensive dual-powertrain system into less expensive cars which already get good mileage, Lutz said at the North American International Auto Show.
The Toyota Prius, now in its second generation, can get 55 miles out of a gallon of gasoline. It has won several awards including North American car of the year at the auto show, Motor Trend's 2004 car of the year as well as making Car and Driver's top ten list. Toyota sold 24,627 of the vehicles in 2003, a 24 percent increase from 2002 sales.
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