Mark Reuss remembers the day, 20 years ago, when his father’s career was blindsided. Reuss had a tuxedo hanging in his car to wear that night to a long-planned event honoring his father’s 35-year career at General Motors Corp. when his mother called.
General Motors Co.’s Chevrolet Volt missed its U.S. sales target of 10,000 cars in 2011, the company said. Chevy dealers sold 1,529 of the plug-in hybrids last month, leaving the brand 2,329 shy of its goal.
Toyota Motor Corp. ’s goal of turning the Prius, the world’s best-selling hybrid car, into its top- selling U.S. model with a line of cars bearing the name gets its first test with a wagon version arriving late this year.
Tesla Motors Inc., the maker of battery-powered cars run by entrepreneur Elon Musk, projects revenue will grow in the year’s second half as deliveries of the new Model S sedan eclipse those of the outgoing Roadster.