A story has come out that Chevy is considering bring back the LUV to the U.S. market. For the first time in years, we could have a truly compact truck for sale. Good or bad idea?
The ongoing saga of GM’s failure to report a recall in a timely manner has now gotten the attention of a U.S. House committee. The committee said late Monday, March 10, 2014 that it will hold an investigation and have hearings on the issue. It plans on calling both GM and NHTSA officials to testify.
GM’s CFO meet with Wall Street analysts last week in a private meeting. The message coming out is that GM won’t drop full-size truck prices to increase market share. Rather, it is holding the line. Like Toyota, it seems GM is happy putting profit over volume.
UPDATE from Autonews.com: Federal safety regulators today sent a 27-page letter to General Motors requesting detailed information and documents related to its investigation of whether the automaker waited too long before recalling 1.6 million vehicles last month.
The National Highway Traffic Safety Administration gave GM until April 3 to answer 107 questions about the recall, many of which could require hundreds of pages in response. The recall covers 2005-07 Chevrolet Cobalts, 2003-07 Saturn Ions and five other nameplates.
A federal investigation has been launched to review GM’s handling of a 9 year gap between discovering a problem and issuing a recall. With 1.6 million vehicles involved and 13 people believe to have died, GM is “real sorry.” That’s not quite going to cut it.
For years, automakers have been trying to build an “electric truck” that actually makes sense. Most times, these electric trucks fall well short on towing and power needs of most consumers. Yet, is there a future for small electric trucks? Most likely and this is it.