2006 Detroit Auto Show, Part IV Page 3

January 9, 2006

2007 Mercedes-Benz GL-Class

Hybrids a Loss Leader, Wagoner Says

 

If for no other reason than to stay competitive with the hybrid powerhouse, Toyota, General Motors must bring the technology to the mainstream market, said GM CEO Rick Wagoner. But there’s at least a short to mid-term downside for the financially strained carmaker. “No one makes money on hybrids,” Wagoner asserted, even Toyota, which claims it is in the black with its Prius Hybrid. “Over time,” added Wagoner, if the company’s sales of gasoline-electric vehicles reaches at least 1 million annually, GM should be able to turn a profit on the technology, but when that will happen, Wagoner said he does not know. And that’s why GM found it necessary to enter into a joint venture with DaimlerChrysler and BMW, he explained, to develop the new Dual-Mode hybrid system. “That’s a way to get at” lowering each company’s costs, Wagoner said.

 

 

2006 Detroit Auto Show, Part I by TCC Team (1/8/2006)
Car and Truck of the year, Lexus LS has eight speeds, Enclave concept..2006 Detroit Auto Show, Part II by TCC Team (1/8/2006)
Shelby GT500, Ford Reflex, predictions for 2006 and Lutz on GM financials.

2006 Detroit Auto Show, Part III by TCC Team (1/8/2006)
Hyundai HCD-9 Talus, Santa Fe, and the death of the five-day car.

2006 Detroit Auto Show, Part V by Bengt Halvorson (1/8/2006)
Honda Fit, Ford Edge, and more from Bill Ford.

2006 Detroit Show, Part VI by TCC Team (1/9/2006)
The new face of Lincoln, Mazda Kabura, Infiniti G35 and MINI Clubman.

2006 Detroit Show, Part VII by TCC Team (1/9/2006)
GM planning big price cuts, Aston Rapide, Volvo C30, XK pricing.

2006 Detroit Auto Show, Part VIII by Bengt Halvorson (1/9/2006)
Jeep Compass, Toyota Camry, Nissan Sentra and Urge.

2006 Detroit Auto Show, Part IX by TCC Team (1/10/2006)
Camaro by the numbers, Acura RDX, Jaguar gets Ford help.

2017
The Car Connection
See the winners »
2017
The Car Connection
Commenting is closed for this article
 
The Car Connection Daily Headlines
I agree to receive emails from the site. I can withdraw my consent at any time by unsubscribing.
Thank you! Please check your email for confirmation.
Ratings and Reviews
Rate and review your car for The Car Connection
Review your car