Raeden Michelle
Quote:
"There's going to be a lot of reduction in car production. A lot of big cars (and SUVs) are going away. I don't see much hope in gas prices either." The prediction: They'll hit $5 per gallon in 2008.
Its already at $3.99 here in southern Indiana, and between $3.50 and $4 in Delaware. Anyone in CA? What's it there?
General motors is planning to close down the Qshawa (Ontario) truck factory in 2009
they are saying over 2600 workers in the plant will be loosing their jobs, and that isn't including the supporting smaller factories that assemble the internal parts of the vehicles. My town has one of the smaller factories that makes parts for the chevy silverado. it too will be affected.
There has been too much competition with the hybrids and more fuel efficient vehicles available. Ford apparently is having some problems as well but they are not in the news yet