No more Hummers?
Tuesday, June 3rd, 2008
The AP reports this morning that GM’s CEO Rick Wagoner said in a speech at their annual meeting today that GM is considering dropping production of the Hummer. Wow! What a startling chain of events this spring. I mean, this is mere conjecture, but if GM really does eliminate the Hummer from its lineup, that represents a major shift in American’s purchasing habits.
The really surprising thing to me is the way that gasoline prices have skyrocketed so quickly.
There are news reports every day about how bicycle sales are through the roof because of such high prices, as in here, here, and here.
So, as of today, bikes are in and hummers are out. Not a bad picture, from my perspective…
(Photo credit: Gary Malerba, AP)




