G. M. Hits 53 Year Low

[4RE KLR]

I heard on the news they were thinking of removing GM from the Dow.

Hmm another one to watch. Maybe a "buy" in early 09. but will have to wait and see what the 09 models bring to the table. Looks like it is "Do or Die" time for Gm.

You would think they would be smart enought to build what people are buying. Look at what Toyota has brought to the table in recent years. I am not saying it is a better company (not American) but we could learn from what they are doing.

[1ntCobra]

Originally Posted by 4RE KLR

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You would think they would be smart enought to build what people are buying. Look at what Toyota has brought to the table in recent years. I am not saying it is a better company (not American) but we could learn from what they are doing.

The big 3 were building big suvs and pickups because that is exactly what the american public was buying. They have been developing hybrids and fuel cells just like Toyota and Honda. And Toyota added a full-size pickup truck in recent years. Honda also added a pickup truck and a big SUV in the last couple of years too. Even the Japanese were going for the big heavy, big profit SUVs.

The price of gas goes up a bunch quickly and guess what, the american public is not in love with SUVs anymore.

If you think about it, the situation is similar to 1973. American cars were big. The gas crunch happens and all of a sudden the little Japanese cars are popular. But you know what. The Japanese cars have grown every model cycle since then, because they followed the American market. Do you remember how small the honda civic was back in the 70's. I think it was smaller than a Mini. Maybe the american public will fall in love with the new $3000 dollar car made in India this time.