In the restructuring proposal yesterday GM states:
"While remaining a full-line manufacturer, GM will substantially change its product mix
over the next four years, and launch predominately high-mileage, energy-efficient cars
and crossovers. The Plan includes introducing this market‘s smallest 4-passenger vehicle,
achieving higher fuel economy than the 2-passenger Smart Fortwo, the most fuel-
efficient non-hybrid vehicle in the U.S. market today."
Meanwhile, reporting on the industry's attempts to get federal funding, the Christian Science Monitor writes about GM's submitted plan:
"The company touted its Chevy Volt, a fully electric car that is scheduled for production in 2010, and its Smart Fortwo, which runs on a conventional internal combustion engine but is very fuel-efficient because of its tiny size. "
That was a cheap shot ;-). GM indeed!