How will current lower gas prices upset plans to hawk fuel-efficient cars?
I think it’s a short-term aberration. Most people would say the price of oil was too high. Now there’s an overcorrection on the low side. Most people realize it’s a finite resource. I don’t think gas will be $2 long term. How much faith do you place in plug-in electric cars like the soon-to-arrive Chevrolet Volt? It’s premature. We haven’t seen all the pricing on the Volt. But we’re really excited about these types of cars, be they diesels, hybrids or plugs-ins. There’s absolutely a market for them. About a third of potential auto buyers can’t get loans. When will the credit crunch ease so that financing can proceed? Anyone who thinks he can project that is fooling himself. It’s about breaking that credit logjam, and no one knows when that will happen. Consumer confidence is shaken. It’s driven by financial panic. We can get sub-prime people financed — maybe not as many as before. I think people in the prime lending basket will still be able to buy cars with no money down. Was this qua
