Bloomberg is reporting that General Motors stopped work on the Cadillac Converj, a sleek electric-drive coupe, to focus on cheaper plug-in hybrids for its luxury brand. The decision, if verified by GM, represents an acknowledgement of the high cost of producing plug-in hybrids that run without using any gasoline for long distances—rather than the type of plug-in hybrids that can use smaller and therefore less expensive battery packs.
Chrysler is killing its dedicated electric car program. General Motors is moving forward with its sleek electric-drive Caddy. What do these two news flashes tell us about Detroit’s prospects in the bold new era of EVs and plug-in hybrids? And what about that other Detroit car company?
