DETROIT, Jan. 9, 2007

GM's Malibu To Join Growing Hybrid Field

Offering Represents Company's Push In Midsize Car Market

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  • Troy Clarke, president of General Motors North America, introduces the 2008 Chevrolet Malibu at the North American International Auto Show in Detroit Tuesday, Jan. 9, 2007. Photo

    Troy Clarke, president of General Motors North America, introduces the 2008 Chevrolet Malibu at the North American International Auto Show in Detroit Tuesday, Jan. 9, 2007.  (AP Photo)

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(CBS/AP)  General Motors Corp. said Tuesday that it will offer a hybrid version of the redesigned Malibu sedan in the beginning of next year.

The gas-electric hybrid will come out about three to four months after the new 2008 Malibu arrives in showrooms this fall, said Chevrolet General Manager Ed Peper.

The automaker launched the new Malibu, touting it as an indication that it will compete more forcefully in the competitive midsize segment. Troy Clarke, GM's president of North America, said, "the days of compromise, of leaving customers wanting more, are long gone."

Peper called the new Malibu, which is expected to start at about $20,000, "a car that looks like it's $40,000 but it isn't."

The hybrid version will have a belt alternator start system which enhances efficiency in stop-and-go driving by shutting off the engine at idle mode. This allows the fuel to be cut off to the engine during decelerations.

Company officials said the hybrid version will lead to substantial fuel economy gains.

In Other Auto Show News…

  • James Bond would feel right at home in the new Rolls Royce convertible with its retractable hood ornament, reports CBS News correspondent Anthony Mason. The car starts at $407,000 and comes with a free umbrella.

    According to Bob Austin of Rolls Royce, the first two years of production of the model are already sold out.

  • Bob Lutz, GM's 74-year-old vice chairman for global product development, said he doesn't plan to be a nonagenarian auto executive.

    Lutz told reporters Tuesday that the public's perception of GM "remains our greatest hurdle," but he won't stop working until he helps the company overcome it.

    "Now, obviously things like getting `car and truck of the year' are all elements that aid in creating the perceptual shift in the American public, but we never expected it to be a fast process. But I tend to get a little bit impatient," Lutz said.

    "I said, 'Well, two years, two-year reputational lag is OK. Five years is not so good.' And at some point I would like to retire, and I'm not going to go until this perceptual or reputational lag is gone," Lutz said.

    "And I don't intend to work till I'm 90."

  • Former Formula One and Indy Racing League star Juan Pablo Montoya took the stage Tuesday for the unveiling of the new Dodge Avenger midsize sedan.

    Montoya, who is making the jump from the F1 circuit to NASCAR, will be behind the wheel of the racing version of the Avenger.

    "It's a completely different challenge," he said of Nextel Cup racing.

    Montoya was one of three Dodge drivers on hand for a Chrysler Group news event, at which the automaker showed off the Avenger, a revamped Magnum wagon and a souped-up version of the Viper sports car with 600 horsepower.

    Elliott Sadler drove out on the stage in a new Magnum, while Kurt Busch took the wheel of the new Viper.

    With an 8.4-liter V-10 engine, Chrysler said the new Viper can go from zero to 60 miles per hour in less than four seconds.

    "Time for me to trade up," Busch said.

    © MMVII, CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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