GM's Lutz Says Alternative Autos May Be Third of Sales by 2015
March 18 (Bloomberg) -- General Motors Corp. may get as many as one-third of its U.S. auto sales by about 2015 from vehicles such as hybrids that use technology different than current internal-combustion engines, Vice Chairman Bob Lutz said.
``Around 2015 we're going to have to sell a ton of hybrids whether people want them or not,'' because of new U.S. fuel- economy standards, Lutz told reporters today in Washington. ``It's basically going to result in the quasi-disappearance of V-8 engines.''
Lutz said he expects GM to sell about 100,000 Volts by 2012. He repeated that the company's cost to meet the U.S. law's 35-mpg average will be $6,000 to $7,000 per vehicle.