General Motors Unveils Fuel-Efficient 2010 Camaro

This is the car – 2010 Chevrolet Camaro, which General Motors is unveiling as part of its revamp to capture an increasing segment of car buyers who favor fuel-efficient models. No more gas guzzling SUVs and trucks.

General Motors expects the 2010 Camaro V6 versions to be one of the biggest sellers as they can yield 26 miles per gallon on the highway. That is really economical and by focusing on fuel-efficient car models, I am confident in GM’s ability to ride out the downturn.

So far, some of the plans General Motors have announced in a bid to shore up cash and survive a deep industry slump are to cut costs by $10 billion, suspend its common stock dividend, sell up to $4 billion in assets and borrow another $2 billion.

The restructuring is necessary amid high fuel prices, a consumer shift away from low-mileage trucks, and the weakest U.S. auto sales in a decade.

Being a car lover, I think this design is pretty cool. What do you guys think of the 2010 Camaro?

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1 Comment

Filed under Business, Currency, Economy, Oil, Stocks

One Response to General Motors Unveils Fuel-Efficient 2010 Camaro

  1. I’ve read how U.S. manufacturers are ramping the production of small cars and going out with the large SUV’s. I think they should have been doing that about 9 months ago.

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