Will small cars make SUVs obsolete?

General Motors’ sales in North America fell by 20% owing to falling demand of pick-up trucks and sports utility vehicles. GMs quarterly loss amounts to $15.5bn (£7.8bn). All other auto giants too are facing the crisis. Nissan reported a 42.8% fall in quarterly profits. Ford reported a 54% drop in sale of SUVs, whereas Toyota reported a drop of 32%. The small car market is growing very fast and fuel crisis coupled with credit crunch would certainly test the grit of the auto industry.

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