GM hoping for a shocking Spring

Still, a long way to go

GM's Bob Lutz is a spin-master.

“I think that our No. 1 competitor has some problems with their technology, and I do think that it very definitely opens a window of opportunity for us to be first to market with a genuine plug-in hybrid,” Bob Lutz said at an automotive industry conference in Traverse City where the battery deal was announced.

While I believe that GM might offer the first "genuine plug-in hybrid", GM is also facing serious problems. For example, the Chevy Volt is still just a concept. It won't be road-ready - for testing - until the Spring of 2008, at the earliest. Additionally, if GM does produce the Volt by the end of 2010, as planned, the costs are expected to be very high. Thus, GM is considering a plan to sell Chevy Volts with optional battery leases to help make the cars a little more cost-effective.

But, back to Toyota's problems. Finish Volt road ready by this Spring