GM Plots a New Course–With Fewer Trucks

This morning’s announcements by General Motors hit its workforce and retirees hard, but among the bad news, the company is sending a message that it’s changing the way it does business–permanently. The way they did it? Confirming a slew of new products for the 2009 and 2010 model years, while admitting that the replacements for the current full-size pickups and big SUVs, like the Tahoe and Escalade, will have to wait until fuel prices come down. GM’s executive team said point-blank in this morning’s press conference that they don’t expect that to happen anytime soon–if ever. [...]