Chevy Tops Fuel Economy Race With 52 MPG Cruze, Tries to Make Diesel Comeback

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By Douglas A. McIntyre Updated Published
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Chevy Tops Fuel Economy Race With 52 MPG Cruze, Tries to Make Diesel Comeback

© courtesy of General Motors Co.

[cnxvideo id=”507734″ placement=”ros”]General Motors Co.’s (NYSE: GM) largest division, Chevrolet, has released the new diesel version of its Cruze. The 2017 Cruze Diesel Sedan gets 52 miles per gallon, which makes it the most fuel-efficient car sold in America, with the exception of hybrids and electronic vehicles. The new car shows that diesel technology, left for dead after cheating scandals that hit the industry, may not be dead. However, it still faces the popularity of cars like the Chevy Bolt and Toyota Motor Corp.’s (NYSE: TM) Prius.

Allen Schaeffer, the Executive Director of the Diesel Technology Forum, described the milestone:

 For Chevy to break the 50-mpg barrier with its new Cruze Diesel Sedan sends a very strong message about the possibilities for clean diesel as a competitive technology in the fuel economy race. And the accomplishment is made even more impressive that it achieved it under a more stringent EPA emissions testing regime.

Diesel engines are very popular in Europe. However, for many years those engines had been considered dirty air polluters. New fuels and new engine technology changed that. Even with the drawbacks of Volkswagen’s infamous fuel economy cheat, few disagreed that diesel engines had made a leap in the right direction.

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The hurdle Chevy faces is that the market already has moved toward hybrids. Many of the major models of every top-selling car have hybrid versions. This trend was kicked off by the Toyota Prius, which was launched in 1998. Sales of the liftback version of the car have totaled over 3.7 million worldwide since then.

Electronic vehicles, at least in mass production, are a more recent set of competitors. While Tesla Inc. (NASDAQ: TSLA) has gotten most of the press surrounding this technology, cars like the Volt have cracked the $40,000 barrier on the way down. This makes EV available to a wide segment of the population.

The Cruze Diesel Sedan may be the future of the technology. Now, Chevy has to find a way to market that technology, which has gotten a bad name recently.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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