Showing posts with label Betting More on Smaller Cars. Show all posts
Showing posts with label Betting More on Smaller Cars. Show all posts

Tuesday, June 3, 2008

Go Green by Going Smaller Cars

It seem that consumer purchasing power is having a huge impact on the auto industry. Have you all heard the news that Ford and GM are going to focus more on production of smaller cars vs. bigger SUVs. Definitely a win for the wallet and for the planet.

Another big sign of this changing world is GM's announcement that it will close 4 big SUV manufacturing plants and is thinking about selling its ailing line Hummer. Wow! No more Hummers? Holy Cow.

The company doesn't seem to be burying its head in the sand either: “We don’t believe it’s a spike or a temporary shift. We believe it is, by and large, permanent,” said GM chairman Rick Wagoner.

Lets hope they learned from their $51 billion loses over the past three years and are really serious.

What about you? Have you been driving less? Looking at smaller cars? Let us know!