Posted by MarkB_MI on December 04, 2010 at 02:58:31 from (32.178.211.15):
In Reply to: Re: Government VOLT posted by Germ on December 03, 2010 at 20:47:49:
Germ, GM has NEVER made money on small cars. So a few years back they mostly abandoned the small car market and focused on light trucks and SUVs. That worked out real well until gas prices went through the roof, people quit buying trucks and GM had no small cars anyone wanted to buy. Oil prices are cheap today but they won't stay that way. If GM wants to avoid a second bankruptcy, they have to be prepared for that day.
The electric vehicle business is a huge gamble. But to avoid being caught flat-footed the next time oil gets expensive, all the car companies are investing in electric technology.
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