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America's love affair with SUVs -- Is it over?
With these gas price, who wants to buy a pickup truck or an SUV? Apparently, not many people. And GM knows about it very well. Weak demand for these kinds of vehicles is pushing the auto maker to cut over 3,500 jobs at four factories. GM said it will make about 88,000 fewer pickups and 50,000 fewer SUVs this year. And when an auto maker cut jobs, shares rise -- 2.6 percent in after hours trading.
Posted by Lori Stassi on April 29, 2008 2:27 AM PT | Permalink
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- America's love affair with SUVs -- Is it over?
- Upscale airline joins those filing for bankruptcy
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Marketplace Confessional
I've just listened to Mr. Stein's concern for the poor working man. No doubt he drove his Bronco to the station to make his plea for the common man. Honestly, Ben Stein weeping for the common man's fate? After my sides stopped hurting from laughing ...
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