Death to the Hummer?
|By Steve Balogh in Energy, Peak Oil | June 3, 2008|
GM CEO Rick Wagoner announced today that GM would be closing 4 truck and SUV plants in North America due to the rising cost of fuel, and decreased demand for trucks and SUVs.
Among the casualties? The “iconic Hummer”.
CEO Rick Wagoner said Tuesday before the automaker’s annual meeting in Delaware the plants to be closed are in Oshawa, Ontario; Moraine, Ohio; Janesville, Wis.; and Toluca, Mexico. He also said the iconic Hummer brand may be discontinued.
In more promising news for GM…
Wagoner said the GM board has approved production of a new small Chevrolet car at a plant in Lordstown, Ohio, in mid-2010 and the Chevy Volt electric vehicle in Detroit.
(emphasis mine.) Source: Yahoo News/AP
[pic from here]