General Motors declared they will be closing four truck and SUV factories, as well as being considering selling off the Hummer brand.
"We don't believe it's a spike or a temporary shift. We believe it is, by and large, permanent," said GM chairman Rick Wagoner.
In the automotive industry, all signs are pointing toward a greener innovations. Amid news hybrid sales have hit record highs, GM's announced they too would be switching to more planet-friendly vehicles comes as no surprise.
GM Goes Greener
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SUV Factories Close, Selling Hummer Brand
- By: BiancaJun 10, 2008