GM misses out on the US hybrid vehicle boom
General Motors is losing United States market share as rising fuel prices drive strong consumer demand for hybrid vehicles. While rival automakers benefit from popular hybrid lineups, GM has maintained its focus on electric vehicles and gas-powered trucks.
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GENERAL MOTORS CO is missing out on a U.S. hybrid boom as soaring gasoline prices drive buyers toward alternative powertrains. The automaker's domestic market share slipped to 16.8% in the first half of the year, down from 17.6% a year prior. Rivals offering broad hybrid lineups are capturing the shifting demand while GM leans on its electric vehicle strategy.
