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Originally Posted by MrLabGuy
Next...What the big three need now is SALES. Congress should provide incentives to the industry by giving consumers a large tax break for purchasing a Chevy, Ford or Chrysler product. Say $5-8K for the next year. Congress should add further incentives to the automakers to produce more of their products here in the USA with tax incentives thus creating more jobs.
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That would be great if the Big 3 mfg's weren't losing money on just about every car sold.
http://www.leftlanenews.com/study-do...y-vehicle.html
A new study by the Harbour Felax Group indicates General Motors lost an average of $1,271 for every vehicle it sold in the United States and Canada last year.
Ford, meanwhile, lost around $451 per vehicle, while
Chrysler squeezed a narrow profit of $144.
Comparatively,
Toyota profited $1,715 per vehicle and
Honda made $1,259.
Nissan’s profits were even stronger at an average of $2,135 per unit sold. Harbour Felax says U.S. automakers could greatly improve their profit margins by stabilizing pricing, cutting back on incentives, and reducing warranty costs. For example, the study shows Toyota’s warranty costs at $348 per vehicle versus GM at $512, Ford at $585 and the Chrysler Group at $595.