A tale of two headlines…
“Surging US fuel prices crimp US sales of big sports utility vehicles leading to a drop in sales at America's top three carmakers.”
“Asian Cars Won 40% of Market Last MonthSales of fuel-efficient vehicles like the Toyota Corolla, Honda Civic and Hyundai Sonata all rose 20 percent or more compared with May 2005.”
(And another story, not exactly a headline. Toyota is valued at over 10 times what GM’s value is…while GM is now valued close to Harley Davidson.)
I read the other day that Americans need to be taxed more at the gas pump so that we would learn a lesson and demand more efficient vehicles. Hello? GM is proof that American manufacturers don’t pay a lot of attention to what the public wants.
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