Yet another brilliant decision from the GM executive suite: Since paying people to drive their gas-guzzling pieces of crap off the lot isn't working, now GM is offering
gas cards to buyers of Hummers, Tahoes, and other big-ass vehicles.
In California, eligible vehicles are the Chevrolet Tahoe and Suburban sport utility vehicles and Impala and Monte Carlo sedans; the GMC Yukon and Yukon XL SUVs; the Hummer H2 and H3 SUVs; the Cadillac SRX SUV; and the Pontiac Grand Prix and Buick LaCrosse sedans.
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Each month for one year, GM will give drivers a credit on a prepaid card based on their estimated fuel usage. Fuel usage will be calculated by the miles they drive, as recorded by OnStar, and the vehicle's fuel economy rating.
GM will credit drivers the difference between the average price per gallon in their state and the $1.99 cap. The credits can be used through December 2007. Consumers wouldn't get any credits if gas prices fall below $1.99.Just what traffic-choked California streets need - more Hummers! And I love the 'if gas prices fall below 1.99'. They might as well say that we all get free cars if monkeys fly out of my ass.
I saw somewhere today that the market cap of GM is now pretty close to that of Harley Davidson, and less than 10% of what Toyota is worth. It's sad that the executives who got the company into this position will walk away with their multimillion dollar payouts, while the poor joes that put the cars together are getting shit on. I just hope that Toyota and Honda are hiring.
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