Wednesday, June 04, 2008

Business & Technology | GM slashes big-car production | Seattle Times Newspaper

Apparently gasoline price elasticity is finally kicking in

General Motors officially blew up its old business model Tuesday, closing four pickup and SUV factories, announcing a new small car that could get 45 miles per gallon and shedding 10,000 jobs in the process.

But it remains to be seen whether the world's largest automaker by sales can sell enough cars to make money in a shrinking U.S. market and stay ahead of the bill collectors.

Also see, from today's Boston Globe, Ridership Rising Fast, MBTA Announces

Business & Technology | GM slashes big-car production | Seattle Times Newspaper

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