Quote:
|
Originally Posted by Krimson X
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. |
The Government gives the rebate, not the automaker to spur sales. The Unions pay the health-care costs with the money saved for a strike which won't matter much if they fold. Then the Unions sit down with automakers and some financial experts to come up with a negotiated reasonable wage and benefits which keep the company afloat. Congress instead wants to give them 25 Billion to pay the Unions with strings attached to meet what Congress wants which is Green technology and fails to address the problem.