The American auto industry is extremely flat footed! Frankly, I'm pretty amused that part of the dead weight pulling GM down is Hummer. I mean, if you can't sell Hummers, that's a problem. Remember the early Nineties when people were looking askance at 'rice burning cars'? All of this American Hubris is a fascinating thing to watch.
I'm sure this bodes nothing well for our distraught American economy, but every house of cards comes down eventually.
I noticed that gas is $2.19 a gallon on my ride to work today, so you can't buy a Hummer, but you can fill one with gas again. All those people hopin' an prayin' for gas to come down from 4 bucks got what they asked for, it just came on the heels of what may yet turn into GDII. My ride to work cost me about $1e-10, so I still feel pretty good about the cost ratio of riding my bike vs driving a Hummer. Maybe GM and Ford can melt down all those huge trucks to supply the bike industry with raw materials so Surly doesn't have to raise their still quite reasonable prices just because the cost of steel is rising.