Now that gas is just a hair under $4 a gallon, US carmakers will go right back to making millions of SUVs, right? Not so says Ford (F), they've learned their lesson, finally (Reuters):
Ford Motor Co's (F) plan to overhaul its North American operations to produce more cars remains unchanged amid recent declines in gas prices, a top executive said on Tuesday.
Of course $3.99 gas is still expensive. We'll see how long that 'fewer gas guzzlers' pledge lasts if gas falls back to $2.
Ford is talking a good game, though.
Read about China's not-so-subtle encouragement for companies to get away from SUVs -- a 40 percent tax.
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