GM gives its big pickups a much-needed makeover
DETROIT (AP) â¿¿ General Motors is giving its big pickups a much-needed makeover.
The company unveiled new versions of its top-selling Chevrolet Silverado and GMC Sierra on Thursday, aiming to get them to showrooms by late spring or early summer.The timing is good. Truck sales are growing after a five-year slump. And the new pickups replace models that were last revamped in 2007. That means GM dealers have been offering pickups that are dated compared with newer Fords and Rams â¿¿ and that is hurting sales. ___ Christmas, New Year's travel busiest in 6 years NEW YORK (AP) â¿¿ This Christmas travel season could be the busiest in six years, with AAA predicting that 93.3 million Americans will hit the road. That's 1.6 percent more than last year and just 400,000 people shy of the 2006 record. More cars will crowd the highways than ever before, largely because finding a seat on a plane at a desirable price has gotten more difficult. AAA says a record 84.4 million people will drive at least 50 miles between Dec. 22 and Jan. 1. That's 90.5 percent of holiday travelers, up from 89.3 percent six years ago. Put another way: one in four Americans will drive long distances for Christmas and New Year's. So expect plenty of traffic jams, crowded highway rest stops and overflowing toll plazas. The price of gas could be close to the average of $3.23 a gallon that drivers paid last Christmas Day. The price has dropped about 50 cents since September. AAA estimates the average price will range between $3.20 and $3.40 a gallon by New Year's Day, according to AAA. That's pricey, but hardly a deterrent to holiday travel. ___ Sprint offers $2.1 billion for the rest of Clearwire
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts