GM Announces New Mini Car
August 4, 2008
General Motors, one of the leading manufacturers of SUVs and Trucks has seen declining sales ever since the price of oil has hit new highs. The price of gas is not expected to come down any time soon which is worrying share holders and causing the price of GM’s stock to trade at the lowest in several decades.
In response, General Motors has developed plans to manufacture a new mini car. U.S. mini cars are becoming popular once again since they are generally cheaper and receive better gas mileage. Sales of the U.S mini car are up a little over 35% which lends some creditability to GM’s new plan. Read more
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