General Motors is "undertaking a strategic review" of its iconic Hummer brand, CEO Rick Wagoner said Tuesday, and is "considering all options ... from a complete revamp of the product lineup to partial or complete sale of the brand." As tempting as the sale of a widely vilified symbol of gas-guzzling excess sounds, analysts are skeptical of whether buyers will want to Hummer along. But GM's change of tune isn't temporary, says Wagoner: the company is making a wholesale shift to smaller cars. To further that goal, GM also plans to close four North American truck plants, and is on schedule to have the all-electric Chevy Volt in showrooms by 2010.
source: Associated Press, Reuters, Bloomberg, http://www.freep.com/apps/pbcs.dll/article?AID=/20080603/BUSINESS01/80603053/1002/BUSINESS”>Detroit Free Press
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redambrosia99 Posted 1:16 am
04 Jun 2008
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F James Handley Posted 4:32 am
04 Jun 2008
A gradually-increasing revenue-neutral carbon tax with a dividend paid to individuals would stimulate our whole economy toward conservation and green energy without bureaucracy and pork.
For more information, check out http://www.carbontax.org.
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dayla2000 Posted 5:11 am
04 Jun 2008
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Ron Steenblik Posted 5:41 am
04 Jun 2008
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mtvyfan Posted 6:27 am
04 Jun 2008
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