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Yesterday, Jim Cramer echoed a sentiment that has been
growing louder on Wall Street: The Big 3 are running
out of money and they might not survive until new,
efficient products hit the market. Others believe they
have enough in the bank and enough strong foreign
sales to survive. So, opinions on the automaker
deathwatch vary.
Still, the other day I was at a Toyota dealership that
was adjacent to a GM dealership. The Toyota dealership
had a small stream of traffic. The GM dealership was
dead. The difference, in my opinion, hybrid cars.
Slowly, but surely, Toyota's hybrid
vehicles, led by the Prius,
have changed the perception of consumers. With $4.00+
gas, hybrids have made consumers realize that
automakers could have done better, should have done
better.
Ugly. Stupid. A bad science experiment. Whatever. So,
who is laughing now?
Labels: Hybrid Vehicles, toyota prius
