06-27-2010, 04:23 AM
General Motors, under pressure to be profitable and start selling stock again, is benefiting from relatively cheap gasoline. But in a few weeks, the Detroit automaker launches the 40-m.p.g. Chevrolet Cruze, then this fall the electric Chevrolet Volt -- of which ultimate success could easily hinge on high gas prices.
imho gas would have to get a LOT lower before GM really has to worry - down into the "it'll-never-happen" range
even ^then I doubt it'd stay there more than very VERY briefly - if nothing else, the robber-barons/hedge-funds will keep it in the max-profits range whether ga$ NEEDS to be there or not http://www.gminsidenews.com/forums/images/smilies/mad.gif
even beyond the "early adopters" (a stable number imho & maybe enough for the Volt all by themselves)
imho there are a LOT of people who still flinch ever time gas goes up ONE PENNY
thinking it could be the start of a major run-up!
GM's problems will be
- making enough of them
- getting the tech-price down enough to bring out more Voltec models