"GM is doomed ... they have never moved beyond the 70s. They hate change. Listen to the CEOs of GM over the last 30 years and they are a bunch of crusty old men, their mentality/attitude is stuck in 1965."
If we were having this conversation 5+ years ago, I'd probably agree with you. Now? I'm not so sure ... and even have some hope for the coming years.
I think GM sees the high fuel prices and the change in customer attitiudes as a chance for people to 'jump on' to their brand and their newer, more energy efficient vehicles they are offering or are in the works. Their ads are green, green, green!
However, they still have some old clunkers in their line-up (along with Ford and Chrysler).
The problem today is not the price of gas, it's the suddenness of the increase in price. I wish gas had started going up sooner (say, in the last 90s) and had gone up more gradually. That way the domestic manufacturers wouldn't be so lopsided with current gas pigs (which buyers wanted when gas was $2 or less per gallon).
But that's the market for you, I think it's the best allocator of resources ... but it's a rather stern master.
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--- Bror Jace
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