My Gas Guzzler

General Motors announced that they are finally waking up to the realization that their vehicles really suck – the gas that is. GM is looking into selling the Hummer brand or modifying it’s product line. Here is an excerpt from the GM website news section:

Strategic assessment for Hummer brand

Finally, GM is undertaking a strategic review of the Hummer brand to determine its fit within the GM portfolio. At this point, the company is considering all options, from a complete revamp of the product lineup to a partial or complete sale of the brand.

Moving forward

"We are making a number of important announcements today, covering everything from product and technology investments to capacity adjustments to a strategic review of our Hummer brand," said Wagoner. "These moves are all in response to the rapid rise in oil prices and the resulting changes in the U.S., changes that we believe are more structural than cyclical.

"While some of the actions, especially the capacity reductions, are very difficult, they are necessary to adjust to changing market and economic conditions and to keep GM’s U.S. turnaround on track and moving forward."

Hey GM, glad you finally heard the wakeup call and see the tunnel…watch out for that freight train heading your way….

GM should get a clue and help the workers that it employs and produce a product that the world needs and not a product for the shareholders. More sales of a demanded quality products will save you and your assets too. What were YOU Thinking?

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