WASHINGTON ‚Äď The Detroit Three had ample time to transition their fleet mix toward more fuel-efficient vehicles and avoid the hangover pain from last year‚Äôs fuel-price spike, but the auto makers were intoxicated by money-making trucks ‚Äď even as the gin barrel began drying up. ‚ÄúThey failed; they didn‚Äôt respond,‚ÄĚ says Walter McManus, head of automotive analysis for the Transportation Research Institute at the University of Michigan. McManus estimates the shift towards smaller vehicles, ...
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