Originally Posted by e3NiNe
if that's true ... in theory, they should be breaking even.
GM has alot of issues with their unions and workers.
I'm sorry, I was tired when I posted that. I meant below cost. Here's an article that reno96teg posted:
By REUTERS
DETROIT, Aug. 29 (Reuters) - General Motors lost an average of $1,227 for each vehicle in the first half of the year in North America, while its crosstown rival, the Ford Motor Company, lost $139, according to new research from Harbour Consulting.
Through the first six months of the year, Chrysler was the lone Detroit automaker to make a profit per vehicle, Ms. Felax said, adding that it averaged a meager $186.
By contrast, the three largest Japanese-owned automakers - Toyota, Honda and Nissan - all made well over $1,000 a vehicle in North America. Nissan's profit averaged $1,826 a vehicle; Toyota $1,488; and Honda $1,203 in the first half of their 2005 fiscal year, Ms. Felax said.
With that said, they do make up some of the money with their gmac financing company, but not enough. They lost $1.6b in the third quarter alone.