Weird that this is the first thing I see in the morning: Ford Motors Executive VP Mark Fields apparently said in an adress to the Society of Automotive Engineers that "Oil Production is Peaking." This was listed as one of seven challenges that Ford needs to overcome. Gee... if only Ford had spent some money to get ahead of the Japanese on Hybrid cars. Or, gee, if only Ford had really gotten creative. Sadly, Ford was only slightly less egregious than GM, crushing most (but not all) of their existing stock of electric cars.
So now GM and Ford both face stiff (possible insurmountable?) competition from Japanese, and soon Chinese, carmakers. Meanwhile, if they'd tried to lead the market and stayed with their electric cars, we'd have already almost solved the peak oil problem.