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2010 New York International Auto Show

admin — Wed, 07 Apr 2010 20:45:05 +0000

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.

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GM’s Lutz, retiring after 47 years, says hybrids, electrics are future

admin — Fri, 12 Mar 2010 22:30:27 +0000

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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Ferrari 599 HY-KERS, New Green Car

admin — Wed, 03 Mar 2010 23:00:07 +0000

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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Ford Outsells GM in Monthly Sales

admin — Tue, 02 Mar 2010 22:55:50 +0000

It was the first time since 1998 that Ford outsold General Motors in monthly sales.

Among the biggest sales increases among Ford car models in the metro area were for Taurus (up 82 percent from February 2009) and Focus (up 72 percent).

“The strength of our new products and Ford’s leadership in quality, fuel efficiency, safety, smart design and value are resonating with customers,” Ken Czubay, Ford VP for U.S. marketing, sales and service, said in a statement. “The good news is we have even more new products and fuel-efficient powertrains coming this year, and we expect our progress to continue.”

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Electric and Hybrid cars featured at Detroit Auto Show

admin — Thu, 14 Jan 2010 19:23:09 +0000

Electric and Hybrid cars were featured at this week’s North American International Auto Show in Detroit.

Michigan is offering major tax incentives for companies to manufacture Electric and Hybrida Cars and the advanced batteries required for the cars. Battery Factories are making plans to establish a presence in Michigan instead of Asia where many now reside. The Boston Consulting Group notes that batteries could be a $25 Billion market in Japan, the United States, China and Western Europe by 2020.

Consumers will make the final vote on Electric and Hybrid cars by their purchases which cost several thousand dollars more than gasoline-powered vehicles. In contrast to 2009, this year’s Detroit Auto Show seems more positive with a distinct vision for the future.

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