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 17,079.57 -42.44 -0.25%
Nasdaq 4,557.70 -11.92 -0.26%
S&P 500 1,996.74 -3.38 -0.17%
Treasuries 2.33 -0.03 -1.14%
Data as of 7:54pm ET
Company Price Change % Change
Apple Inc 102.25 0.12 0.12%
Bank of America Corp... 16.01 -0.19 -1.17%
Facebook Inc 73.86 -0.78 -1.04%
Pfizer Inc 29.38 -0.11 -0.37%
Intel Corp 34.65 -0.14 -0.40%
Data as of 4:02pm ET

Sections

The CEO of American International Group, Robert Benmosche, says he is leaving the company earlier than expected because of a terminal cancer diagnosis. More

France's new economy minister is reportedly considering loosening strict government regulations that enforce 35-hour work weeks. More

Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More

Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More

Five CNNMoney readers share stories about saving that you can learn from: What they would do differently if they had another chance. 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.