Both AutoBeat Daily and AutoTech Daily took note Thursday of comments from General Motors Corp. Vice Chairman Bob Lutz at the New York auto show. Lutz told reporters that meeting White House proposals to raise U.S. fuel economy standards by 4 percent annually through 2017 would boost the cost of the typical vehicle by $5,000 to $6,000.

The Bush administration has estimated that a 4 percent fuel economy increase would cost the auto industry $114 billion between 2010 and 2017. It calculates GM’s share at $40 billion, although the company says that estimate is too low.

Lutz says the higher standards would require hybrid systems or other advanced technology on almost every vehicle. He warns that consumers would rebel at the price hikes.

Ironically, Lutz made his comments at the unveiling of three Chevrolet mini-car concepts with 1- to 1.2-liter engines. He says it’s a “safe bet” GM will launch production of at least one of the highly fuel-efficient cars fairly soon for sale in various markets worldwide.

Read more in the Great Lakes IT Report.

April 9, 2007 - 9:36 am



3 Responses to “GM sets fuel economy price tag: $5,000 per car”
  1. 1
    Jerry Says:
    April 9, 2007 at April 9, 2007 - 7:53 pm

    My post was deleted ? LOL, was it that bad?
    There was
    no swearing
    no name calling
    no insinuations
    nothing at all derogatory. But you deleted me. I guess there is no freedom of speech when it comes to this airhybridblog. I guess this will probably be deleted as well. I was wondering why their were no comments in this blog. I guess its not a blog at all. You have my email above if you care to respond.

    Very Disappointed
    Jerry

  2. 2
    Gale Whitaker Says:
    April 14, 2007 at April 14, 2007 - 7:16 pm

    The Japanese car makers seem to be able to make efficeint cars and pass the costs on to the customers. If the Detroit automakers can’t figure it out they will be out of business very soon. I think they deserve to go under for being stubborn, short sighted and stupid.

  3. 3
    Tim Allik Says:
    April 18, 2007 at April 18, 2007 - 1:20 pm

    Hi Jerry, that was my oversight. Your post should not have been deleted. We get quite a bit of spam here and I deleted one too many by mistake. Please repost your question, and thanks for your interest and contributions to the blog.

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