Who dumped WHO?!
I think you have that backwards.
Before I say what I'm going to say, bear in mind GM has had about 15 times
the number of recalls as Toyota.
Toyota ended the relationship with GM.
I think it's because GM just didn't care.
On Sat, 30 Jan 2010 20:21:56 -0700, Canuck57 wrote:
Yeah, I know that. Toyota was trying to help them build a higher quality
car. Gm figured it didn't serve the shareholders to make cars a little
better. "We're losing money on every car we sell, but we'll make it up on
Where did you get the idea that GM losing money on every car we sell? You
do not seem to know much about the cost of doing business. Perhaps you are
confusing build costs with the cost to doing business. The fact is GM
makes money on every vehicle it sells. The COST has been spending billions
to restructure and to revamp and develop the latest in electric vehicle
technology. That is why they are currently not showing a profit
On Sun, 31 Jan 2010 12:13:30 -0500, Mike Hunter wrote:
Then this is fairly recent, because the last review I saw showed that GM
was losing money selling cars, but making it up on financials.
In fact the REASON GM had to be bailed out wsasn't because of losing money
selling cars (which they were) but because the Financial arm started
losing money as well, led by losses at Ditech.
The "we lose money on every car we sell..." was an old joke. Or was it?
All through the 90's Gm was, in fact losing money on car sales. Only the
Financial division was keeping it afloat. Well documented many, many times
in the WSJ.
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