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

Article by Christian A., 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]

If you liked the article, share on:

Topics: gm, united states

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries