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

|By:, SA News Editor
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.