GM Pulls Plug on 2010 Chevrolet Malibu Hybrid
June 11, 2009
DETROIT - General Motors has pulled the plug on the 2010 version of the Chevrolet Malibu hybrid
due to slow sales and high inventory levels, the Wall Street Journal
reports.
A GM spokesman told the paper the automaker has a "sufficient stock of 2009s" and starting up production in the near future is "possible, but not likely."
The company will continue to make hybrid versions of the Malibu for fleet buyers, but it is uncertain if GM will ever produce the Malibu hybrid for retail consumers ever again, the paper reported.
The Malibu hybrid has failed to capture buyers' attention as it is more expensive and achieves only somewhat better fuel economy. The base Malibu costs $22,300; the hybrid, introduced in 2008, adds $4,000.
Photo by GM
2009 Chevrolet Malibu Hybrid
Posted by Michelle Krebs at 6:40 AM under Business , GM , News , Technology | Comments (0) | digg this | Seed Newsvine
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