Chihuahuas Against Hummers News Release:
Several Chihuahuas were seen celebrating the latest news about Hummers. The gas-price-inspired consumer revolution is pretty amazing, when you think back just a few years. In 2003, we stood with our small dogs and our signs outside the Hummer dealership, educating the public about fuel efficiency, climate change and militarism, while so called patriots gave us the finger. Well, apparently the invisible hand has now smacked those polluters upside the head. For more information on Chihuahuas Against Hummers, type "Hummer protest" into Google. #1 baby! What's bad for General Motors is good for the planet. Ok, who's left? Cheney?
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General Motors (NYSE: GM) announced today that it will cease production at four plants that build pickups, SUVs and medium-duty trucks, and that it will conduct a strategic review of the Hummer brand in response to growing demand for fuel-efficient vehicles in North America.
"Higher gasoline prices are changing consumer behavior, and they are significantly affecting the U.S. auto industry sales mix...At this point, we are considering all options for the Hummer brand ... everything from a complete revamp of the product lineup to partial or complete sale of the brand," Wagoner said.
The company also said it will react to the shift in the U.S. market by increasing production of small and midsize cars and reducing production of pickups and truck-based SUVs.
Wagoner said General Motors Corp.'s board also approved the production schedule of the Chevrolet Volt in Detroit, and the company plans to bring the plug-in electric car to showrooms by the end of 2010. The Volt runs on an electric motor and has a small engine to recharge its batteries.
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It's nice when economics is on your side, for once. That's why I've been promoting Carbon Share.
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