Chevy Volt wins top honor at Detroit show

volt_auction_car.top.jpgThe Chevrolet Volt racked up another award at the Detroit Auto Show. By Peter Valdes-Dapena, senior writer


DETROIT (CNNMoney) -- The plug-in Chevrolet Volt was named North American Car of the Year at the Detroit Auto Show on Monday.

The Ford Explorer was voted Truck of the Year in the awards handed out during the media preview days at the auto show.

The North American car and truck of the year awards are voted on by a jury of up to 50 automotive journalists from the United States and Canada.

While General Motors (GM) acknowledges the Volt won't add to the automakers profits for years, GM has used the car as a marketing tool. The Volt appeared in Chevrolet advertising for years before its November introduction.

Many industry analysts were worried that if the Volt turned out to be a bad car -- or even a mediocre car -- GM's image would be badly tarnished. Fortunately for GM, journalists and analysts have largely given the car a favorable greeting.

"Conceived as the General was failing, developed when the company was fighting for its very survival, the Volt is a remarkable achievement," said Ken Gross, a writer for Playboy and a juror for the award, in a statement.

Prior to this announcement, the Volt had previously won several other awards in the United States, including Motor Trend Car of the Year.

The Ford Explorer SUV in also an important comeback vehicle for Ford (F, Fortune 500), in its own respect. The Explorer was once the top-selling passenger vehicle in the United States, but its sales had fallen drastically as gas prices rose and customers turned to more efficient, smoother-riding car-based crossovers SUVs.

The new Explorer is a car-based crossover but one with some off-road capability. It's based on the same engineering as the Ford Taurus sedan and the Ford Flex crossover.

"The 2011 Ford Explorer is nothing less than a revelation in dynamics, refinement, and efficiency," said Alex Taylor, a write for Fortune magazine and one of the jurors for the award.

The finalists for the Car of the Year Award were the Chevrolet Volt, Nissan Leaf and Hyundai Sonata. The finalists for the Truck of the Year were the Ford Explorer, the Jeep Grand Cherokee and the Dodge Durango. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 17,265.99 109.14 0.64%
Nasdaq 4,593.43 31.24 0.68%
S&P 500 2,011.36 9.79 0.49%
Treasuries 2.63 0.03 1.12%
Data as of 10:00pm ET
Company Price Change % Change
Bank of America Corp... 17.04 0.27 1.61%
Yahoo! Inc 42.08 -0.50 -1.19%
Apple Inc 101.79 0.21 0.21%
Microsoft Corp 46.68 0.16 0.34%
General Electric Co 26.21 0.16 0.61%
Data as of 4:04pm ET

Sections

Alibaba officially secured its place in history as the largest U.S.-listed IPO of all time. The company will be worth $168 billion. More

The Federal Reserve is probably not going to raise interest rates until the summer of 2015 at the earliest. More

Immigrant entrepreneurs leverage connections abroad to boost international exports -- and non-immigrants could stand to learn from their tactics. More

A 10,000 square-foot home doesn't take care of itself, and many of the uber wealthy families who own them don't want to tend to them either. So they hire people like Bryan Peele. Here are journal entries from a day in his life. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.