January 10, 2011

IT SHOULDN'T HAVE WORKED, IT JUST DID:

Chevy Volt wins top prize at the Detroit Auto Show (JEFF KAROUB, Associated Press)

The 2011 Chevrolet Volt got another marketing jolt Monday, when it received the North American Car of the Year. [...]

Forty-nine auto journalists from the U.S. and Canada made the picks. The vehicles are judged on innovation, design, safety, handling, driver satisfaction and value.

It's the latest in a string of accolades for the Volt, which went on sale in limited markets in December and costs $40,280. It was named the Green Car of the Year at the Los Angeles Auto Show in November and Motor Trend and Automobile Magazine named the Volt the 2011 car of the year the same month.


A rebirth for Detroit's Big Three automakers (Chris Isidore, January 10, 2011, CNNMoney)
General Motors (GM) and Ford Motor (F, Fortune 500) have already reported their best net profits in more than a decade, while Chrysler Group is reporting operating profits. And all three gained U.S. market share in 2010, and are well positioned to keep making inroads in the years ahead.

More than half of the 200 senior auto industry executives surveyed by accounting firm KPMG expect GM and Ford to gain global market share in the next five years, and most believe Chrysler will at least hold onto its market share, if not make gains. That's a radical departure from a year ago, when the majority were forecasting continued declines for GM and Chrysler and expected Ford to hold pat.

"It is quite a remarkable change in opinion," said Gary Silberg, national auto industry leader for KPMG., who said he was particularly surprised by the change of opinion among overseas auto executives. "It's not easy to convince outsiders to take a positive view of the U.S. industry."

Posted by Orrin Judd at January 10, 2011 9:15 PM
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