The gains by foreign manufacturers are at the cost of the domestic manufacturers.
More Quotes from Mike Chung:
This really shows a commitment to stay at this plant. They will continue to build this vehicle despite the fact that it has had sales decreases. It shows they are willing to make an investment in this vehicle, particularly the fact that they will be putting a hybrid in this vehicle.Mike Chung
Over the span of three years we saw the market literally increase five times. We expect to see continued growth over the next two or three years and hybrids to hit 2 of the entire market, which is very significant.
Mike Chung
You may be saving 30 to 40 a month (the cost of one tank of gas for a typical driver. But is it worth a 4,000 or 5,000 premium
Mike Chung
But hybrids are more likely to be a stop-gap for something further down the road like fuel-cell technology, which is at least 10 years away.
Mike Chung
Depending on what kind of volumes they get, which we have no idea, we may see them hit it towards the end of this year, but probably the beginning of next year is when they'll hit their 60,000.
Mike Chung
Diesel has definitely come a long way over the past few years.
Mike Chung
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