From the article:

“The honest answer is, I don’t know yet how serious we are,” Smith said, referring to the mini car segment.

“Our internal forecast shows gas at $2.50 a gallon for quite some time to come,” Smith said . . .

“There’s an age-old debate in our business of responding to consumers or presenting them with a case they haven’t thought about,” Smith said.
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Smith doesn't seem to remember GM's 3-cylinder Geo Metro, which delivered 52mpg and was sold until oil prices tanked in the late 90s.

Where do they get these multimillion dollar clowns to run their company? I wonder what they were discussing in their boardroom when crude rose to $50 in 2004?

While GM is wringing their hands over whether or not to manufacture fuel effiecient cars because it goes against their internal long term gasoline forecast of $2.50/gal, the North Carolina State Treasurer Richard Moore said on TV yesterday that the automakers "...need to plan for an era without fossil fuels".
That's a good sign to NC residents- i would imagine that Moore isn't investing NC State pension assets in all the asset classes that will go bankrupt (like automakers).

So, the mean time,let the planet burn. "Not my problem" Nice.