The days appear to be numbered for General Motors' brand of oversize musclemobiles that we know as Hummer. The Detroit automaker has failed to seal the deal with a Chinese buyer in time to save the SUV line, which is looking more and more like the relic of pre-recessionary excess (not to mention gas-guzzling impudence) that it is.
President Obama grabbed the proverbial steering wheel on Monday, shaking up the American auto industry by stating tougher conditions for receiving federal subsidies and forcing GM's CEO to step down. But critics are wrong to suggest that this represents an unprecedented use of executive power.
Arnold Schwarzenegger wants to make the environmental movement sexy Why get rid of Hummers, California's governor argued Wednesday, when you can make them run on biofuel and hydrogen, like his? Schwarzenegger has a warning for politicians who stand in the way of environmental progress: "Your political base will melt away as surely as the polar ice caps ".
Ford announced its largest production cuts in 20 years, blaming high gas prices for customers shifting away from its pickups and SUVs and toward higher-mileage models