Entire history books could one day be devoted to the auto industry’s seismic shift in 2008. Yet, the May sales numbers tell the whole story.
A General Motors spokesperson told Automotive News that the company planned to sell 27,000 mild hybrid vehicles this year, but is falling short because its supplier, Cobasys, provided faulty batteries. In an exclusive interview with HybridCars.com, a Cobasys executive—who asked not to be named—responded to GM statements and press reports, saying, “A lot of it is not correct," but declined to elaborate further.
General Motors CEO, Richard Wagoner, announced today that the company will shut down four North American plants in a move designed to shift production away from pickups and SUVs, toward smaller, more fuel-efficient vehicles. Wagoner said that the plan comes in response to a rapid change in consumer behavior tied to rising fuel costs, a trend that he did not expect to reverse soon.
