Monday, January 11, 2016
Truck sales
The latest information on what Americans think about climate change is now available and it is not a poll. It is the sale of trucks and SUV’s and the people are not concerned. In polls they say they are but when push comes to shove they are buying bigger vehicles on a record pace.
Now that oil and gas prices are cheap again, GM (GM) is capitalizing on stronger demand for SUVs and crossover vehicles. That's critical because those gas-guzzling vehicles are more profitable for GM.
The shifting consumer trends helped drive GM's profits sharply higher. The auto maker on Thursday said it earned $1.1 billion profits last quarter, quadrupling its haul from the year before.
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