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GM Chairman Daniel Akerson says the U.S. auto industry isn't yet prepared to respond to a major...

GM Chairman Daniel Akerson says the U.S. auto industry isn't yet prepared to respond to a major surge in gas prices. "I don't think the industry learned a lot of lessons from 2008 - they will this time around," Akerson says. While viewing the latest increase as "eposidic," GM says it has a strategy to deal with long-term price increases.
Comments (5)
  • Of course GM has a strategy, just dip into the ol' taxpayers pocket a few more times and it'll be alright.
    1 Mar 2011, 04:55 PM Reply Like
  • And the strategy is if this doesn't work we will ask Uncle Obama for a little change.
    1 Mar 2011, 05:19 PM Reply Like
  • They might have to use some of that $50 billion tax break they got (and no other auto companies received) and that we paid for. Doesn't that make you happy that you paid for all those $400,000 per year union salaries, unlimited retirement, unlimited health care etc. Your mom and dad will be on the street but those union employes will still be sucking down margaritas and partying at age 100.
    1 Mar 2011, 06:11 PM Reply Like
  • Here is GM's new strategy, you will see the signs in their showrooms soon:

     

    GOING OUT OF BUSINESS!

     

    Pretty soon the only thing they are going to be making are Volts and they will only make junky ones because that's all GM does.

     

    Did us old guys ever think we would see the day?
    1 Mar 2011, 09:40 PM Reply Like
  • Noticed he said 'they', and not 'we'. Doesn't consider himself part of the auto industry. Tells me he won't be around very long.
    2 Mar 2011, 10:37 AM Reply Like
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