Green Cars

2010 Toyota Prius is dumb compared to the Chevy Volt

2010 Toyota Prius is dumb compared to the Chevy Volt Toyota just unveiled its latest iteration of the Prius, and while there are some neat enhancements the new model is far from revolutionary. But then, that could be another sign of Toyota’s approach to business which has often meant incremental improvements to existing designs. In this case that means a Prius with 50 mpg, a bigger engine, a solar powered fan, and LED headlights.

In contrast, General Motors is risking it all with the Chevy Volt to blaze a new path in the industry. All it took was a company on the verge of collapse to get there. If GM fails to turn its financial tailspin around, Toyota’s incremental approach could become the industry standard again. The 2010 Toyota Prius certainly promises to be reliable if not terribly exciting and here’s why.

"Instant acceleration", CNBC swoons over Chevy Volt test run

"Instant acceleration", CNBC swoons over Chevy Volt test run With billions of dollars in loans from the federal government under its belt, GM is playing a high stakes game and its survival is the ante. The company is struggling to change a widespread perception that its products are outdated and less reliable than foreign vehicles from the likes of Toyota. The Chevy Volt is the pinpoint of that effort, and GM just invited a reporter from CNBC to test drive the latest mule. There’s nothing like some superstar publicity to build customer intrigue, but will it survive cheap oil?

New Chevy Volt plant screeches to a halt amidst GM cash problems

Chevy Volt GM has a checkered past when it comes to creating products and running a business with sustainability in mind. But with the balloon of gas prices in recent history, demand for fuel efficient vehicles has jumped upward and GM is racing to produce the Chevy Volt by 2010. The problem? GM’s dwindling supply of cash means plans to build a new manufacturing plant in Flint, MI stopping short.

Building the new plant would cost GM $370 million, and with the financial market in its current cash hoarding phase, the company is not able to acquire additional investments through traditional channels. Automaker pleas to Congress were recently shot down amid arguments with the United Auto Workers (UAW) union on allowing wage cuts that would bring compensation in line with Japanese automakers. The Whitehouse has indicated its willing to help, but no official decision is out yet.