For the third time, a dramatic oil price spike has thrown the auto industry a curve ball. And once again, after years of supersizing, manufacturers are lacking the right-sized, economical products for which the market is desperate. Instead of spending three to five years developing new cars from scratch, it’s time to dust off the best from the past and put them back into production. An air bag here and some updated engines and technology there, and these seven classics are ready to save the day in each of the major categories:

Tony Posawatz is the corporate QB looking to deliver GM’s Volt-shaped Hail Mary. In a pre-game chinwag with Reuters, the senior engineering executive sheds some light on GM’s playbook. Production will be ramped up slowly “to make sure everything [the battery pack] is bulletproof.” Meanwhile, GM will be lobbying utilities to offer rebates or cheaper off-rate charging rates, and other forms of tax relief. GM is also planning on selling used battery packs to utilities as power storage systems. Posawatz acknowledges that financial losses are inevitable: “to make this thing a sustainable business, we have to drive it to volume.” So, a low price then? “The nature of this technology is that it’s going to be expensive, and we will not underprice this vehicle.” Ah, BUT– GM is may build a 20-mile range version as “part of an effort to cut the cost of such vehicles by half or more.” Translation: the 40 mile-range Volt will be an expensive ($45k and up) low-volume “halo” vehicle for GM’s bragging rights. It will take several more years of cost (and range) cutting before something resembling an actual Prius competitor hits the streets. The loyal cheerleaders at Volt-nation are apoplectic, calling for Posawatz’s head. Their hopes for GM’s populist electric Model T are fading as fast as GM’s cash reserves.

GM's Vice-Chairman has (characteristically) been all over the map about the Volt's price. The Winner of TTAC's Bob Lutz Award has pegged the plug-in electric – gas hybrid's eventual sticker at everything from "around $30k" to $48k to $2.99 plus tax (just kidding; what's the bet there won't be any tax). And now Maximum Bob's boss has finally added his two bits on the Volt's msrp. In an interview with Germany's Frankfurter Allgemeine, GM Chairman Rick Wagoner threw down the gauntlet. "GM has a clear goal: we want to bring the Volt to the market in 2010 at a price of less than $30,000." Want. Not will. But wait there's more! Wagoner also says that "unlike Toyota, we want to make money on the Volt from the beginning. And the obstacles to that are reducing the price of the batteries and convincing the consumer of the advantages of the Volt." Profit? As in sell the Volt for more than it costs to make, from the get-go? Toyota didn't make a dime on the Prius for many years (the exact margins are unknown). Will Wagoner even be around to eat his words? Place your bets here.

Expectations for VW's 2009 "60mpg" TDI Jetta "Prius killer" ran high. And VW threw plenty of (diesel) fuel on the heated passions of oil burner fans. Press materials just a few weeks ago predicted EPA city mileage numbers "in the 40's" and highway mileage "as high as 60mpg." The EPA has released the numbers and they…suck. We're talking 29/40 for the DSG version; 30/40 for the stick. Combined mileage: 34 mpg. The Prius' 46mpg combined mileage is a whopping 35 percent higher. Diesel fuel is running 20 percent higher than unleaded. Annual fuel costs for the two (15k miles): Jetta TDI: $2010; Prius: $1,240. Don't say I didn't tell you so. But I'll repeat the key part: to comply with US emissions regs, diesels lose five percentage points off their efficiency advantage over gas engines. Throw in a global diesel fuel shortage, and its diesel RIP. No word yet on how much VW will charge for the TDI option. 

It’s Monday, December 27, 2010. A Chevy customer sits behind the wheel of his brand-new, fully-charged, plug-in hybrid Volt. He’s heading off to the office some fifteen miles away. Three years ago, our early adopter was one the first to put his name on the waiting list at gm-volt.com. Since then, he visited the site religiously for daily updates. And now the Volt looks set to deliver on all of GM Car Czar Bob Lutz’s promises. But… the Volt driver’s journey into the future is about to be a lot shorter than he’d imagined.

According to perceived wisdom, GM's overseas ops will keep the corporate mothership afloat. Some 64 percent of first quarter sales came from outside our borders, as well as ALL of GM’s profits. The General claims that foreign markets will account for 75 percent of its profit by decade’s end. So why not just shut down the NA operations and firewall the rest as “Global Motors?” A closer look at GM’s three international units tells the tale.

In 1971, I committed a crime, the repercussions of which still affect me today. I was a bored eighteen year-old whose over-developed automotive memory banks craved stimulus. In those pre-web dark ages, the information gap between monthly car magazines was excruciating. Desperate, I plied the 629.22 rack of the Iowa City Public Library, and found the font of automotive history. I slipped the heavy Rosetta stone under my baggy Army surplus jacket and walked out. I’ve been guiltily absorbing its contents ever since.

After all the fuss and negativity (I'm looking at you, Justin) about the upcoming new Prius gaining three to four inches (still shorter than a Corolla) and some additional power, the really big news was left off the table. According to Auto, Motor Und Sport (paper version), Toyota has achieved its most important goals for the gen3 Prius: a 50 percent reduction of the hybrid components' weight and cost. In the words of a Toyota manager: "Our hybrid will then be cheaper than a modern diesel." Given that the new Prius will have a substantially more powerful electric motor and battery range than the last gen, this is impressive stuff. Despite Volt vaporware, or perhaps because of it (thanks Bob!), it looks like ToMoCo's gas – electric sedan is set to continue its domination of the American hybrid market. Last month, in a VERY down market, Prius sales rose 7.7 percent to 20,635 units.

At the Geneva Auto Show, VW showed off its 70mpg diesel-hybrid Golf Concept. The German automaker promised that "the model wouldn't just stay a show car". According to the in-depth preview of the Golf VI in the March 27 issue of Auto, Motor und Sport (print edition only), the "forward-looking diesel-hybrid is already a thing of the past." The culprit (once again): it's too expensive. "Eventually" there will be a hybrid Golf, but it will be a gasser, using the 1.4 TSI engine. In the shorter term, VW will rely on further engine downsizing and an optional start-stop system to meet efficiency targets. The Golf VI, which hits European streets this fall, will never see the USA anyway (except in GTI form, perhaps). In a contrast to the platform-globalization programs of the most other big manufacturers, VW is developing lower-cost replacements for the Rabbit and Passat to be produced in their future US plant. The current Passat costs $4k more than the (Camcord) competition, according to VW. Look to a return of twist-beam rear axles.

The print edition of Auto, Motor und Sport (March 13, 2008) carries an interview with GM Car Czar Bob Lutz. Regarding February sales, Maximum Bob told the German car mag “everyone was down strongly, including Toyota;” forgetting that Nissan and Honda were both up for the month. MB also “reveals” that GM’s hybrids are selling “increasingly better” and “the mild-hybrid system in the Malibu and Vue are selling well;” forgetting that GM sold just 577 hybrids in March, less than 30 of which were gas – electric ‘Bus and Vues. Lutz also says “Hybrids are not an economic or practical solution. Driving with two power sources leads to higher costs that the buyer can never recoup;” forgetting that the Prius can recoup its premium in less than five years. Note to Bob: the truth will set you free.

The great hybrid showdown is coming. GM Car Czar Bob Lutz has thrown down the gauntlet: “We are headed for the OK Corral.” In fact, GM has staked its reputation on the Volt, intending to “leapfrog the Prius” and evoking America’s Apollo moon-shot program. Meanwhile, Toyota continues its domination of the alt power mindspace, finalizing their third generation Prius. While we prepare for the clash of the hybrids, let’s take a closer look at the contenders…

Spontaneous road trips are a like a treasure hunt without the clues. The prizes always appear unexpectedly. Like Goldendale’s night-shift police officer. “No, Mr. Niedermeyer, your speed was just fine. But you seem to have your high-beams on. That’s against the law within city limits. But… you’re free to go.” With those words of affirmation, our road trip to Wenatchee resumed. Adrenalin flowing, we were alert to the next roadside attraction.

In a refreshing break with tradition, Patrick Bedard at Car and Driver admits to a lingering skepticism about the Malibu's glowing introductory reviews.  There's just a wee bit of history that informs his doubts: forty years of glowing reviews by C/D of pre-production GM cars that failed to life up to their hype. The most notorious example cited was the gusher of praise heaped upon the notorious X-bodies (Citation, etc.) based upon "specially prepped" pilot cars provided by GM. Although the Malibu managed a third place finish in C/D's recent comparo of sedans, Bedard admits that his employer's intro of GM's latest "import killer" might have (once again) raised hopes to unrealistic levels. The truth feels good, doesn't it Patrick?

“You’re free to go.” With those hackneyed words, the Goldendale police officer returned my license. They were the very same words I’d heard in my head just a few hours earlier. At one-thirty last Sunday, my older son Ted called: “If you can drop Will [(his brother) here by three, we can take him back with us to Portland for a few days.” Cabin fever was at 103. The ninety minute deadline to pick a destination and pack the xB was just the tonic I needed. Time to head for… (flings open the atlas)… Wenatchee!

“Not making a car like the Prius was a mistake.” In recent days, GM’s Car Czar has amped-up his pro-hybrid rhetoric, including this mea culpa. Clearly, Vice Chair Bob Lutz’s enthusiasm for gas – electric products has undergone a volte face, inspired by his fatalistic conclusion that only alt power can satisfy federal regulators’ mandates for increased fuel efficiency. But in his newfound zeal, Maximum Bob is rewriting history. In the interests of truth, let’s set the record straight.