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Credit crunch kills the momentum of GM hybrids

The momentum that General Motors was starting to get with its hybrid sales hit a major speed bump last month. October was a month were the business news was largely dominated by the a fast freeze in the world's credit markets making it incredibly difficult for anyone to borrow money. Relatively few people can actually afford to buy any new car for cash. That's especially true for big trucks and SUVs like the Chevy Tahoe which often list prices upwards of $50,000. In September, GM finally managed to top 1,000 sales for the two-mode hybrid Tahoe ... Read more →

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