GM hybrids!!!!
Found here (http://tvnz.co.nz/view/page/410965/906020) from the Google Newsite, GM has recently announced that hybrid-electric vehicles are its new priority.
This comes as no surprise due to the recent trend in increasing oil prices, and concerns that GM has been given the reputation of building “gas-guzzling trucks.” Such concerns have landed the automaker into disappointing sales figures, down 9.4% this year.
The company states that it is reinvesting some $9 million from job cuts and plant closures into researching hybrid technologies.
Finally GM has conceded the point that fuel economy and prices have a large effect on consumer demand. Hopefully it will be setting a precedent in new automotive technology that other automakers will follow.
Rising fuel prices and oil scarcity are inevitable. The more preparation we have, the better off we’ll be.
This comes as no surprise due to the recent trend in increasing oil prices, and concerns that GM has been given the reputation of building “gas-guzzling trucks.” Such concerns have landed the automaker into disappointing sales figures, down 9.4% this year.
The company states that it is reinvesting some $9 million from job cuts and plant closures into researching hybrid technologies.
Finally GM has conceded the point that fuel economy and prices have a large effect on consumer demand. Hopefully it will be setting a precedent in new automotive technology that other automakers will follow.
Rising fuel prices and oil scarcity are inevitable. The more preparation we have, the better off we’ll be.
posted by Kyle at 2:37 PM
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