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. 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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Lutz also argues that it doesn't make economic sense for consumers to pay several thousand dollars more for hybrid cars that get up to 30 percent better fuel economy. "Hybrids are an interesting curiosity and we will do some," he said. "But do they make sense at $1.50 a gallon? No, they do not."
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Sunday Toyota Motor Corp. introduced its first light truck hybrid, a version of its Highlander SUV, due out this fall. On Tuesday, its luxury Lexus brand introduced its first hybrid, the RX400h SUV. While Toyota executives wouldn't give numbers for average fuel economy of the hybrid SUVs until testing is completed, they predict these vehicles will get better mileage than the average gas-powered compact car."
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http://www.evworld.com/view.cfm?section=communique&newsid=4759Obviously, GM's on the right track - after all, you just can't argue with three straight years of shrinking market share and declining sales!