Gassy G.M.

From Billmon:

The Wall Street Journal:

General Motors is pinning its turnaround on a series of new full-sized SUVs -- the very models whose sales have fallen as gas prices have climbed. GM previewed the redesigned Chevrolet Tahoe and several other 2007 models last week.

Billmon comments:

We're not talking about prudent corporate planners; we're talking about General Motors -- the same company that, at various points over the past 40 years, has bet heavily on the proposition that U.S. consumers would never buy cars made in Japan, that quality didn't matter because nobody kept a new car that long anyway, that safety could never be marketed because people don't like to think about car crashes, that the federal government would never impose auto emission standards because it would destroy the economy, and that sending private detectives to poke through Ralph Nader's garbage was a really smart way to discredit Unsafe at Any Speed.