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Posted: 9:05 AM Mar 12, 2010
GM: Hybrids, Electrics Are Our Future
Retiring Vice Chairman Bob Lutz says General Motors' will continue to make big trucks and SUVs, but a majority will be gas-electric hybrids in the future.
Reporter: Associated Press |
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WARREN, Mich. -- Retiring Vice Chairman Bob Lutz says 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.
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.
The hybrid revolution is one of many changes Lutz has witnessed in his 47-year career at all three Detroit automakers and BMW AG. That career will end May 1, when the 78-year-old will retire after revamping GM's lineup to critical acclaim.
Lutz tells The Associated Press that he has achieved what he set out to do.
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