It seems Toyota laughs heartily at the new Chevy Volt.
Toyota’s US national manager for advanced technology says plug-in hybrid vehicles are a non-starter. “Toyota estimates sales of hybrids that can be recharged at household outlets may be 50,000 units a year at most and could be as few as 3,500.”
If they sell only 3500 units then you can count that as a Gremlin-style dismal failure. If Toyota shows that kind of contempt toward the UAWs savior-mobile then I would hate to be long GM. Wait, I am already long GM to the tune of several billion in tax money. The Hybrid battle will be between Ford Fusion Hybrid, the Honda Insight, and the Toyota 3G Prius. The Volt may sell to a few early adopters but I think it will be just too expensive to compete with the other Hybrids.
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