America's cheapest cars - Eliza Popescu

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1 pt	America's cheapest cars
	Jul 17, 2008 02:12 PM UTC

Eliza Popescu

Return	Risk
-60.51%	MID

Tracked Blogger

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Symbol	Sentiment	Start	Return	Closed
TM	n/a
GM	n/a

Via BloggingStocks:

Filed under: Forecasts, Consumer experience, Competitive strategy, General Motors (GM), Toyota Motor Corp. (TM), Economic data

We have heard a lot of news over the past 12 months about soaring fuel prices and the effect it is having on the major automakers. With record-high oil prices, and gasoline running about $4.10 a gallon, drivers are spending more and more money to fill up their tanks. One of the natural options for people has been to move towards less expensive, small, and simple cars.

General Motors Corp. (NYSE: GM) noticed that fuel-efficient vehicles will be more appealing to consumers, and announced last week plans to reduce production at its truck division (a bit late to join the party, but at least it's something for the struggling auto maker). Toyota Motor Corp. (NYSE: TM) is also slashing truck production during three months at its U.S. plants.

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Toyota Motor Corp (TM)

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46.0%

General Motors Corp (GM)

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