Tuesday, June 03, 2008

A sign of things to come?

GM just announced this morning that they will be closing 4 truck production plants, including the one in Oshawa, here in Canada. In addition, some SUV plants will also be shut down. Full details are available in the news release placed online just over an hour ago. Perhaps we could finally be seeing a peak in large vehicle sales in the U.S., eventually to be overtaken by smaller cars. Here in Canada, small cars already appear to be on track to passing larger vehicles (see related post here).

The news release also mentions that GM is definitely going ahead with their electric vehicle (the Volt), with a target of having it in showrooms in the United States by 2010.