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...strategy is to be the hybrid masters, no pure electrics, and to explore fuel-cell technology," says Nickerson. "We feel it's going to take a lot more than one technology to make this new market work." Toyota began testing fuel cells in 2002. (Read "The Chevy Volt: GM's Huge Bet on the Electric...
...loss in public confidence. A new survey from Consumer Reports indicates that while more Americans are willing to consider purchasing an American vehicle, they don't view American cars equally. While the number of new-car buyers willing to consider a Ford has increased 17% and consideration of GM models has increased 6% - despite the company's bankruptcy - the number of shoppers willing to consider a Chrysler has dropped...
Chrysler's bankrupt, and Pontiac's going bye-bye. GM's on eBay, claims its Chevy Volt will get 230 m.p.g. and boasts that a $4,000 compact is in the works. Volkswagen is merging with Porsche. TV car guys with names like "Dealin' Doug" are screaming about incentives this and rebates that. And the government's porky cash-for-clunkers effort is ridin' herd on gas hogs...
Auto sales couldn't be much slower, and the near future isn't looking that much better, says Bruce Rapp, who sells GM cars, Subarus and Jaguars in Syracuse, N.Y. "There's incredible change going on in our industry, and it hasn't shaken out yet," he adds...
...able to afford. Despite all the sales rebates, leasing is still a viable alternative. It's not as popular as it was among manufacturers, whose bad arithmetic cost them a fortune a few years back. But if you can find a leasable model you like - GMAC Financial Services and GM are offering packages for the 2009 Cadillac CTS, several new Chevrolet models and the 2010 Buick Enclave and LaCrosse - the numbers might work if you drive fewer than 15,000 miles a year, want to keep a warrantied vehicle for only a few years and don't have lots...