SOLAR TODAY Blog


>>GM to close SUV plants, build more small cars
June 3, 2008, 3:27 pm
Filed under: Transport

According to today’s New York Times, General Motors is about to close four plants, reducing production of pickup trucks and large SUVs by about 500,000 units annually.

At the same time, the company announced plans for expanded production of smaller, more fuel-efficient cars, some of them based on a thrifty new 1.4-liter turbocharged engine. The plug-in hybrid Chevrolet Volt gets a firm introduction date no later than the fourth quarter of 2010.

CEO Richard Wagoner told reporters that rising fuel prices “ . . . are changing consumer behavior and changing it rapidly. We don’t believe it’s a spike or a temporary shift. We believe it is, by and large, permanent.”

GM announced last week that 19,000 union workers — 26% of its workforce — have accepted buy-outs.

Advertisements

Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: