Who is spending right now? We are waiting for all the new carbon taxes that will drive energy up.
Ah yes, the only spending being done is on parts, no wonder GM is not selling AC Delco after all;
General Motors won’t sell ACDelco after all
http://www.mlive.com/news/flint/index.ssf/2009/04/general_motors_wont_sell_acdel.html
“It’s a highly profitable business for us. It’s creating good, strong cash flow,” GM Chief Executive Fritz Henderson said in a conference call Friday. “Our conclusion was that we weren’t going to get the value for the business. We’d rather keep it and grow it.”
GM announced last October that it was exploring a sale of ACDelco as part of a broader effort to sell billions in assets.
In addition to the ACDelco business, GM previously announced it was exploring the sale of its Hummer brand and its technical and manufacturing center in Strasbourg, France.