Atlantis Alumni

Tuesday, June 3, 2008

GM FINALLY Sees The Light!

According to Yahoo News, General Motors CEO Rick Wagoner has announced that the company will shut four plants that build gas guzzlers and shift production to more fuel efficient cars:

Wagoner announced the moves in response to slumping sales of pickups and SUVs brought on by
high oil prices. He said a market shift to smaller vehicles is permanent.
shares rose 43 cents, or 2.5 percent, to $17.87 in midday trading.

Imagine that: the US stock market actually rewards GM for being years late to realize the need for more fuel efficient cars! I realized it four years ago when we sold our big SUV and bought a fuel efficient, 4 cylinder, manual transmission Saturn. Actually, I realized 35 years ago during the first gas shortages and the first "energy crisis."



Photo: A detail of the really old stained glass at Leon.

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