Fuel Cost Driving Buyers to Foreign-Made Vehicles

Summary

---

DETROIT - Detroit's automakers have been making the shift to more fuel-efficient vehicles, but consumers have been making the move even faster - to hybrids and high-mileage models made overseas. Gas prices have accelerated the move away from trucks and sport utility vehicles at a furious pace, leaving the Big Three at the most critical crossroads in 30 years.

"In the early '70s, we were caught flat-footed, without smaller, fuel-efficient cars. We had nothing to sell," said Gerald Meyers, a former chairman of American Motors Corp. "That's exactly what's happening now."

See the full content of this document

Extract

---

Fuel Cost Driving Buyers to Foreign-Made Vehicles

What could make this worse, says Lehman Brothers auto analyst Brian Johnson, is that the D...

See the full content of this document

---