The Hundred Million Dollar Malibu
Written By: Seyth Miersma
August 16th, 2007 3:34 PM

GM is placing a $100 million bet on Malibu. Searching for a credible reentry to the sedan market, the general is set to spend nine figures plus on a media blitz for its upcoming release of the redesigned Chevy Malibu.
Looking to go toe-to-toe for the first time in over a decade with heavyweights Camry and Accord, GM claims that $100 million is the new price of entry in the supremely competitive midsize sedan segment.
Chevy marketing director Cheryl Catton said the money would take the form of advertisements and other promotions. Catton says that Chevy is going full steam ahead and asking, “What’s it going to take?” to the question of renewed competition.
Launched in Detroit at the North American International Auto Show earlier this year, the first of the redesigned Malibus will be available in November. The Chevy sedan features significant styling upgrades, while riding on GM’s familiar Epsilon platform.
Can Chevy ride a wave of pub back into sedan relevance? Let us know in ‘Comments’.
+ Detroit News: GM pedal to the metal for Malibu
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