Monday, August 9, 2010

GM crafts lineups for next spike at the pump

General Motors Co. is planning for the return of $4-plus gasoline by introducing small or compact cars for each of its brands -- even GMC.

GM continues to predict gasoline prices will eventually rise to levels last seen in 2008, when consumers fled light trucks for smaller vehicles.

Also, federal fuel-efficiency standards will rise to a fleet average of 35.5 mpg in the 2016 model year, compared with 27.3 mpg in 2011.