GM to sell diesel version of Chevy Cruze in U.S.
DETROIT — The Chevrolet Cruze, the most popular car in the U.S. last month, will come in a diesel version that could boost gas mileage to around 50 mpg, two people briefed on General Motors Co. product plans said Monday.
A diesel Cruze would help GM meet more stringent government gas-mileage requirements. It also would rival the efficiency of the popular Toyota Prius gas-electric hybrid, which gets 51 mpg in the city and 48 on the highway, according to estimates from the Environmental Protection Agency.
The diesel Cruze won’t hit showrooms until at least 2013, according to one of the people, both of whom asked not to be identified because the company hasn’t made a formal announcement.
The sources didn’t know the price of the Cruze. Cars with diesel engines generally cost more than those with gasoline engines because they are more expensive to produce. The base version of the Cruze now starts at $16,525. The diesel Cruze would be built at GM's factory in Lordstown, Ohio, southeast of Cleveland.
GM sold about 25,000 Cruzes last month, vaulting the model past perennial leaders such as the Toyota Camry and Honda Accord to become the best-selling car in the U.S. Both Toyota and Honda had fewer models to sell because of parts shortages caused by the March 11 earthquake and tsunami in Japan.
Casino revenues down just 3.7 percent in June
ATLANTIC CITY — The long casino revenue decline in Atlantic City, N.J., may be drawing to a close.
Casino revenues in the nation’s second-largest gambling market fell just 3.7 percent in June, to $276.2 million. That was the best showing since February, when they declined by 1.4 percent.
Slot revenue was down 3.1 percent, to $200.5 million, while table-games revenue decreased by 5.2 percent, to $75.7 million.
In fact, some industry observers think that had it not been for a lucky table-games player who beat the Tropicana Casino and Resort for about $8 million last month, Atlantic City might have been back into positive territory.