Link:
http://www.autonews.com/apps/pbcs.dl...807210349/1197
Interesting quote buried in this article...
If gasoline prices continue to rise, GM's leaders believe it can command higher prices for its cars.
"At historically $6 a gallon, now $9 or $10 a gallon in Europe, the European equivalent to a Ford Focus, Volkswagen Jetta or Chevrolet Cobalt carries an (average transaction price) of $35,000, $36,000, $37,000," says Bob Lutz, GM's vice chairman of product development.
Lutz says the way to re-enter the segment is with superior product. For example, GM's Cobalt replacement, the Cruze, likely will sticker for a few thousand dollars more than the current Cobalt.