Check the latest video below featuring coverage of the 2010 New York Auto Show at the Javits Center in Manhattan.
Thats all for now from Budget Cars.
WARREN, Mich. – General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near future, retiring Vice Chairman Bob Lutz said Friday.
Lutz didn’t give details, but said GM must apply hybrid technology to more vehicles in order to meet fuel-economy standards that will rise 40 percent to an average of 35 miles per gallon by 2020. The cost will likely be spread across GM’s lineup, since charging individual buyers for a hybrid system would make vehicles too expensive. GM has seven hybrids in its lineup now.
Lutz believes GM will be profitable by 2011 and will have a successful story to tell when the company goes public again to help repay its government loans. He said he’s leaving a team that respects his mantra of investing in high-quality products and good design.
“The mission of General Motors is to design, build and sell the world’s best cars and trucks. End of story,” he said. “And that has never been as clearly stated by senior-most management before. Never.”
Source: AP
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Ferraris have been synonymous with the color red for so long that the company may be taking the association with hues a bit literally. The 599 HY-KERS concept is the company’s first take on a hybrid car, and likely the first one you’ve ever seen painted green.
Using a variation of the Kinetic Energy Recovery System (KERS) developed for its F1 cars, a battery-powered electric motor offers up a 100 hp boost to the V12 gasoline engine when needed, and can even propel the car on it’s own, turning it into the first ever 100 hp Ferrari – at least for short trips.
Source: AP
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