Friday, April 08, 2005

GM stops advertising in LA Times

GM has stopped advertising in the Los Angeles Times because "of dealer concerns over 'factual errors and misrepresentations' in the newspaper's articles and editorials" according to the AP.

Recently, LATimes auto critic Dan Neil called GM "a morass of a business case" and called for the "impeachment" of two executives. Neil also said GM "utterly missed the boat on hybrid gas-electric technology" while speeding up production of SUVs.

I couldn't agree more with Mr. Neil.

Oil prices are only going to go up, as are the dangers and expenses of foreign-oil dependency. Yet, GM has nothing to offer America except a tab for billions of dollars of health care and pension expenses. Oh yeah, and a large fleet of gas-guzzling SUVs.

For decades GM has told America not to worry about foreign-oil dependency, $3.00 gallons of gas, pollution, or global warming because fuel cells were just around the corner to save the world. Well?

Waste of Money?

GM has stated that hybrids have no long term potential, and that is why they didn't develop them. Instead, GM spent much more money marketing gas-guzzlers than Toyota did developing its hybrid powertrain. In essence, GM spent billions telling America that SUVs were about American freedom. Americans need horsepower, not fuel efficiency, screamed GM's slick marketing.

Today, hybrid cars provide both horsepower and fuel efficiency. GM still only provides the same thing they've been providing for decades, gas-guzzling inefficiency.

Nice investment - thanks GM.

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