GM is ready to face $4 gas with more compact cars, says product chief

Article by Christian Andrei, on January 11, 2011

It appears that GM is ready for gas prices of $4 a gallon, as the manufacturer revealed the all-new 2012 Buick Verano and the new 2012 Chevrolet Sonic, a subcompact car that replaces the Aveo.

According to Tom Stephens, vice chairman of GM’s global product operations, with the current offer the buyers are no able to choose from an array of small vehicles across its brands.

This wasn’t possible back in 2007 and 2008, when the gas prices hit $4 a gallon.

“The last time it spiked up, we didn't really have a complete, full-line portfolio,” Stephens said on the sidelines of the 2011 Detroit Auto Show here. “What we were missing the most were small and compact cars. We were really in a bad way there.”

Furthermore, GM also offers the plug-in hybrid 2011 Chevrolet Volt, named 2011 Car of the Year, but also the compact 2011 Chevrolet Cruze.

Moreover, it will also introduce this month the Cruze Eco model, capable to deliver a fuel econmy of 40 mph. Furthermore, Stephens also added that GM CEO Dan Akerson believes gas prices will hit “somewhere closer to $4” a gallon, not $5. [via autonews - sub. required]

Topics: gm, united states

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