The Prius Effect? Only to those with the loser effect
GM saw a joke in the Prius, Toyota saw the futureThe 'Prius effect'. That's what competitors have labeled the success that hybrid cars have provided for Toyota. Boy, it's sadly comical how losers look for excuses in everything, and the Prius effect is a prime example of that 'loser effect'.
"We didn't appreciate the image value of hybrids," concedes GM's research and development chief, Larry Burns in a BusinessWeek interview. "We missed that."
That's not the only thing GM missed!
This 'Prius effect' statement has also been echoed by both GM head Rick Wagoner and by GM product guru, Bob Lutz. Even worse, Bob Lutz claimed that GM could have beat Toyota to the Prius, if they had used a fraction of their billion dollar marketing budget for this purpose. Instead, GM spent the money advertising the virtues of its foreign-oil-dependency-increasing gas-guzzlers.
Obviously, a much better investment, at least in terms of "image value" at that time. (Read more of the Prius Effect)
Labels: bob lutz, e flex system, GM, hybrid synergy drive, Hybrid Vehicles, plug-in hybrid vehicles, toyota, toyota prius





