Web Sify
Follow us on
Sify.com » Topics » Focus
Focus News

As gas prices rise, Detroit is ready
Gasoline prices are spiking. But this time, Detroit is ready.When prices soared in 2008, the city's three U.S. automakers were caught flat-footed. They didn't have competitive small cars and relied on trucks and SUVs for profits. When gas prices peaked at $4.12 a gallon (more than $1 per liter) in July of that year, sales from the Big Three plummeted more than 20 percent. That same month, sales of