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"Right now the drive for more and more power in cars is way larger than the drive for more and more hybrids," said GM Vice Chairman Bob Lutz, the top carmaker's long-time design guru. To emphasize the point, GM on Monday will unveil at the Detroit auto show its fastest car ever -- the new Corvette Z06 -- as well as the Cadillac STS-V, powered by a supercharged V-8 engine that delivers the most horsepower of any Cadillac. The world's largest automaker this year will also offer V-8 versions of its Chevrolet Impala sedan and Chevrolet Monte Carlo coupe, introduced at the Los Angeles auto show last week, and the Grand Prix sedan. GM also plans to add a V-8 to a large Buick sedan later this year, analysts said.
Hybrid sales in the United States are growing quickly. But with gasoline prices receding from record highs, roomy cars with big engines remain popular. On Sunday, a group of automotive critics named the Chrysler 300 the North American car of the year, a year after the Toyota Prius -- a gas-electric hybrid that gets up to 55 miles per gallon -- took the honors.
This spring, Chrysler plans an even more powerful version of the car -- the 300C SRT8, beefed-up with a 6.1-liter, 425-horsepower V-8 engine. "The hybrids have been getting a lot of publicity, but the fact is people still like power," Michael Omotoso, senior market analyst with Global Insight, said. "There's a market for both ends of the scale. Some people like the fuel economy, some people want the power of a V-8."
Even with the new cars coming to market, GM will have a difficult time holding its US market share this year due to its aging lineup of pickup trucks and SUVs, analysts said."
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