Monday, July 13, 2009

THE NEW GENERAL MOTORS IS BACK WITH A NEW OLD CAR

General Motors has emerged from bankruptcy as a new company with 60 percent ownership by you and me, the taxpayers of the USA. And the new GM has a big hit in its showrooms, a car that in June sold more than either the Buick or Cadillac divisions sold. Is it an electric car? Is it a hybrid sedan that gets 50+ mpg? Nope. It's the Camaro - a retro muscle car that gets 22 mpg city/highway combined. So what's new?

In my opinion it's very telling about Americans when the largest auto maker comes out of bankruptcy as a new and improved company, and what consumers want is a gas-guzzler muscle car made in Canada. The Camaro "is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities" ((NYT News Service). And so the beat goes on - we'll continue to drive ourselves off an environmental cliff as long as it's an exciting ride.

Someone please tell me how to explain this one to my grandkids.

No comments:

Twitter