Monday, February 23, 2009
Troubled automaker General Moters has announced plans to reverse its fortunes by investing $10 billion in the VHS video market. "We beilieve that DVDs have not yet entirely shown that they are the future," said GM CEO Rick Wagoner at a press conference "The VHS market is sturdy and we at GM believe that this is where our future lies."
Wagoner further stunned the assembled audience gathered at GM's headquarters in Detrioit, Michigan by announcing that the company will limit itself to producing 30 minute videotapes, rather than the more common 180 minute or even 240 minute tapes. "Time will tell, but I think that it is the right choice" said Wagoner of the decision.
Posted by Footstep at 3:52 AM