Plugging Into the Future: GM Banks on Chevy Volt

For years, the sale of gas-guzzling power vehicles drove General Motors to the top of the industry. But today GM reported second quarter losses of $15.5 billion. Last year the company not only lost more than $40 billion, it also lost its place at the top, getting beaten out by the smaller, more fuel-efficient cars made by Toyota. "I think the basic economics are changing people's view on what they really want to have in their driveway. As oil becomes more expensive, people are putting a...Full Story
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