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.