Is that why Toyota had a loss in 2008, as well?
- posted
15 years ago
Is that why Toyota had a loss in 2008, as well?
Everybody had a loss in 2008. GM actually did a little bit better than most if you ignore the massive losses that GMAC incurred. The problem with GM is that they've been having progressive issues going back to the 1970s that they don't deal with, so when we get to a point in time when everyone is having trouble, they aren't as easily able to deal with it as some of their competitors.
Admittedly, Chrysler screwed themselves by taking over Benz, another ill conceived merger that did nothing but harm to both parties involved. So stuff like that makes GM look a little better in comparison.
--scott
you have it backwards.
I think you got that backwards. Benz took over Chrysler, used them to improve their own quality and then dumped them. Capitalism in action.
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