Huge changes for GM


	Huge changes for GM

Bluepill

6-3-2008 11:43 PM

124 views

tags:

us recession, fuel crisis, auto industry, crude oil, us economy

Bluepill says:

the shutting-down of major SUV and small truck plants by GM means a lot more than just job losses.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/397f001a-dff6-4f02-baed-652bac2498d0/A3BD5351-B790-4C2D-99A9-D1A0729E0E32/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://biz.yahoo.com/usnews/080603/03_what_gms_downsizing_means_for_drivers.html?.v=2&.pf=family-home" href="http://biz.yahoo.com/usnews/080603/03_what_gms_downsizing_means_for_drivers.html?.v=2&.pf=family-home" style="font-size: 11px;">biz.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/usnews/080603/03_what_gms_downsizing_means_for_drivers.html?.v=2&.pf=family-home"><P>GM's announcement today that it will close four SUV and pickup-truck plants--and possibly stop building Hummers--is a startling turnaround for Detroit's biggest automaker. The car companies routinely speed up or slow down assembly lines to tweak the mix of big and small vehicles consumers seem to be most interested in. But shutting down several production lines, and possibly killing off an iconic brand, signal a long-term retrenchment.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/usnews/080603/03_what_gms_downsizing_means_for_drivers.html?.v=2&.pf=family-home">It's obvious why: With gas prices cresting <A href="http://www.usnews.com/blogs/flowchart/2008/5/28/5-upsides-of-4-gas.html">$4</A> in much of the country, nobody wants to buy the kinds of big vehicles that have been GM's mainstay. But there are even deeper implications behind the automaker's move. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/usnews/080603/03_what_gms_downsizing_means_for_drivers.html?.v=2&.pf=family-home"><B></B> It may take a few years, but as the automakers invest their engineering talent in more efficient cars and new technologies--rather than "horsepower wars," the competitive mantra of the past dozen years--the payoff will be cars that do more and require less fuel.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A3BD5351-B790-4C2D-99A9-D1A0729E0E32/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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