Interesting automotive statistics

[TomT]

Nissan, Toyota and Honda each earned more than $1,200 before taxes on every vehicle they sold in North America in 2005. In contrast, Chrysler Group earned $223, while Ford lost $590 and GM lost $2,496 on each vehicle. This reflects differences in health care and pension costs, as well as rebates and low-interest financing used to cut inventories, the report said.

Can you imagine loosing $2,496 on each vehicle you make? How long can a company last that's loosing that much?

 

[2]

OR chevy could pick up their quality a little (well, a lot) and give us a reason to buy from them.

 

[shawn stonbraker 2]

There have been other postings on this topic before. Do a search and you will find alot of interesting stuff. Most of the losses are due to the fact that GM, Chrysler, and Ford have "Worker Banks" (people who get paid to sit at a place, for a full days pay, to cover when someone is sick and can't work) and all the money they shell out for the Union workers that aren't working. Most of the "foriegn" automakers don't have that type of overhead to cover. I'm not bashing unions but Ford and GM especially are in a world of hurt due to money going elsewere for nothing in return.

 

[Kevin Hachey]

How long can a company last that's loosing that much?



My guess is the $80/ hr. labor to work on my ST!:angry: