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http://www.cbc.ca/cp/business/080513/b0513128A.html
DETROIT - Conceding that the U.S. auto industry is in a recession and high gas prices are changing which vehicles people buy, General Motors Corp. said Tuesday it is shifting its marketing to focus more on cars and less on trucks.
Mike DiGiovanni, GM's executive director of global market and industry analysis, said GM in the past has focused its advertising too heavily on trucks, where the company has made most of its money in recent years.
But it's in the process of shifting "to a new plan that's really going to focus on miles per gallon," DiGiovanni said.
He also said GM will roll out 14 new cars and crossover vehicles in the next 18 months, but only one new truck, positioning itself well to catch buyers leaving the pickup truck and sport utility vehicle markets.
Digiovanni's remarks at a GM conference for bankers and insurance industry officials came after President and chief operating officer Fritz Henderson told the group that it's clear the U.S. auto industry is in a recession.
"The U.S. market challenges are formidable. Actually, there's a lot of debate about whether the U.S. is in recession. The U.S. auto industry is definitely in recession," Henderson told the group.
DETROIT - Conceding that the U.S. auto industry is in a recession and high gas prices are changing which vehicles people buy, General Motors Corp. said Tuesday it is shifting its marketing to focus more on cars and less on trucks.
Mike DiGiovanni, GM's executive director of global market and industry analysis, said GM in the past has focused its advertising too heavily on trucks, where the company has made most of its money in recent years.
But it's in the process of shifting "to a new plan that's really going to focus on miles per gallon," DiGiovanni said.
He also said GM will roll out 14 new cars and crossover vehicles in the next 18 months, but only one new truck, positioning itself well to catch buyers leaving the pickup truck and sport utility vehicle markets.
Digiovanni's remarks at a GM conference for bankers and insurance industry officials came after President and chief operating officer Fritz Henderson told the group that it's clear the U.S. auto industry is in a recession.
"The U.S. market challenges are formidable. Actually, there's a lot of debate about whether the U.S. is in recession. The U.S. auto industry is definitely in recession," Henderson told the group.