Tuesday, June 3, 2008

Gas Prices and Vehicle Choices

General Motors announced plans Tuesday to shut four pickup and SUV plants, saying high fuel prices have produced a rapid and permanent change in consumer preferences away from the truck models on which it has depended.

At a news conference in Wilmington, Del., GM Chairman and CEO Rick Wagoner also unveiled plans to produce more fuel efficient vehicles

Wagoner also said GM is looking at possibly selling its Hummer brand, the large SUV based on military vehicles.

read the CNN story

My thoughts: It was only a matter of time before gas prices caused to a change in vehicle buys patterns.

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