08-31-2006, 07:41 AM
Detroit Execs See End of Cheap Gas Era
The Daily Auto Insider
Wednesday, August 30, 2006
August 2006
Gasoline prices will remain at $3 to $4 a gallon for the rest of this decade, says Thomas W. LaSorda, Chrysler's chief executive, according to a story in the New York Times.
George Pipas, Ford's chief sales analyst, agreed that high gas prices were not a temporary phenomenon, although he didn't give a number.
Asked about gasoline prices, Ford's Pipas said, "We don't see the price of gasoline returning to the levels that we all enjoyed in the 90's and the early part of this decade...[.] The days of inexpensive gasoline are gone."
These comments are recognition that the two automakers may have to fundamentally change their product mix, the Times said.
The Daily Auto Insider
Wednesday, August 30, 2006
August 2006
Gasoline prices will remain at $3 to $4 a gallon for the rest of this decade, says Thomas W. LaSorda, Chrysler's chief executive, according to a story in the New York Times.
George Pipas, Ford's chief sales analyst, agreed that high gas prices were not a temporary phenomenon, although he didn't give a number.
Asked about gasoline prices, Ford's Pipas said, "We don't see the price of gasoline returning to the levels that we all enjoyed in the 90's and the early part of this decade...[.] The days of inexpensive gasoline are gone."
These comments are recognition that the two automakers may have to fundamentally change their product mix, the Times said.