Do car companies invest in gasoline futures to offset their risk?

Question

American car companies are in trouble in part because they didn't predict high gasoline prices in advance--designing a vehicle takes about three years. Now people aren't buying as many of their gas-guzzling trucks. If they invested in gasoline futures, they could offset some of their losses. Have they done so?

Answer 1

YES! But there cost of business is so big that it does not show up on there bottom line ,unless you dig through there financal statements. Also, One of the big three made more money on curency futures than selling cars IE. your local car dealer makes more money on parts and service than selling cars.