GM should have started making more fuel efficient cars ten years ago and they would not be in this situation today.

The trouble is that many people continued to buy the big gas guzzlers the last 5 years as they didn't know that gas prices were going to spike to high.

When gas hits $4.00/gallon people start thinking differently about getting better gas mileage in their cars and trucks.

Oil was at $145/barrel today and it's been climbing up each week over the last few months.

I saw where American Airlines is laying off over 7000 employees.

Things are going to get worse before they get better.



Quote Originally Posted by DJD View Post
IMO...GM's problem is greed and being behind the curve on new car designs. Ford and Chrysler/Dodge have been putting out better looking cars for years. That's not to say no other manufacture will escape the same problems but my opinion is that GM has had the "old blood" in house that would wait to long for change and got out maneuvered by the others.
The fella you speak of sounds pretty ignorant but I have always heard that ignorance is bliss!