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Champagne Socialist
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http://news.theage.com.au/business/gm-suspends-work-on-suvs-20080622-2upv.html

GM suspends work on SUVs
June 22, 2008 - 8:33AM

Amidst the onslaught of surging fuel prices, General Motors, the world's largest automotive manufacturer, has stopped a project to overhaul its gas-guzzling fleet of sport utility vehicles and trucks, the company said.

Instead, the company will focus on developing cars that promise improved fuel economy, Bloomberg financial news service reported Thursday.

Trucks account for more than 60 per cent of GM's annual US sales and generate more profit than cars, and the move was called "hugely significant" by one analyst.

"This is a clear sign they are re-evaluating everything, because this has been the core of their bottom line for years," Rebecca Lindland, an analyst for Global Insight Inc in Lexington, Massachusetts, was quoted as saying.

Engineers who had been assigned to overhaul such models as the Chevrolet Tahoe SUV and Silverado pickup for 2012 are being transferred to other projects, Tom Pyden, a spokesman for Detroit- based GM, was quoted as saying late Wednesday.

The shift is the second change this month for GM as gasoline tops 4 US dollars a gallon - or 1 dollar a litre.

Earlier this month, chief executive officer Rick Wagoner said he would close four factories that build the large vehicles by 2010.

GM reported a 37 per cent plunge in May US sales of pickups, SUVs and vans.

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arrivederci :wave:
 

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Captain Awesome
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Now they have to catch up of 10 years of neglect of product development for smaller vehicles. It takes about 4 years to develop a car from scratch, so it will be 2012 before anything substantial comes from this. In the mean time they are fucked, with a range of obsolete vehicles.
 

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GM have been making decent smaller cars in Britain for ages. The Vauxhall range of the Corsa, Astra and even the Agila et al are highly successful over there.
Actually I thought Astras were made in Belguim. Maybe that is not what you meant though.
 

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Captain Awesome
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738 Posts
I'm talking about the American ones. GM don't sell any of the euro stuff in America and they have been neglecting their American small cars for ten years. I'm mean they rebadge Daewoos based on a ten year old platform and call them Chevrolet.
 

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Former Member
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1,227 Posts
You might want to check out Saturn, they are like the Opel of America. The Astra has recently gone on sale in the US under this brand.
 

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the Saturn Aura is a rebadged Opel/Vauxhall as well

I wonder why GM and Ford with their European small car divisions still hesitate to rebadge them as well, as the BMW Mini shows, more expensive small cars sell well.

You might want to check out Saturn, they are like the Opel of America. The Astra has recently gone on sale in the US under this brand.
 
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