Tuesday, July 31, 2007

Lutz Hints at Unofficial Price Hike for 2008 Chevy Malibu

Lutz Hints at Unofficial Price Hike for 2008 Chevy Malibu

Chevy Malibu

General Motors has yet to announce official pricing on its redesigned 2008 Chevrolet Malibu, but GM Vice Chairman Bob Lutz gave curious consumers a bit of a heads-up in his latest posting on the GM FastLane blog.

Lutz said he has "two late builds at home for a test drive": a base four-cylinder with a four-speed automatic transmission and a loaded LTZ V6. He said, "Although we haven't announced official pricing, it [the base model] will be around 20 grand." The 2007 Chevrolet Malibu LS starts at $17,865, including a $650 destination charge.

Lutz said the 2008 Chevrolet Malibu LTZ V6 will be priced "in the mid-to-upper $20s, again unofficially."

The 2007 Chevrolet Malibu LTZ starts at $24,325 with a $650 destination charge. "I was unable to find any hugely discernible difference to cars costing $35,000 or even $45,000," Lutz said. "I may be overstating it [a bit] due to my excitement."

Lutz said the 2008 Malibu's optional six-speed transmission will be available "shortly after introduction." The '07 Malibu LTZ comes equipped with a 217-horsepower 3.5-liter V6, and the '08 Malibu LTZ gets a 252-hp 3.6-liter V6. The new Malibu has a 6-inch-longer wheelbase than the outgoing model and an updated cabin. It goes on sale later this year.
  • 2008 Malibu pricing

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