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Tuesday, February 23, 2010
GM - Hybrids push up prices for non-hybrid cars, Toyota disagrees
GM vice-chairman, Bob Lutz believes that the high costs involved in building hybrid vehicles is pushing up the price of non-hybrid cars. 'GM will lose money on hybrids,' he said. 'We will continue to build them - and the cost will be spread across other cars.' Lutz also said he thinks hybrid cars will never make up more than 10% of the U.S market. In the UK, hybrids make up 0.8% of car sales,
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