something needs to change. and throwing money at the problems IS NOT, going to change it. last year GM and Toyota sold roughly the same number of cars. how can this be you might ask. well the numbers dont lie, GM cars sell, and they sell almost one for one with Toyota. BUT they are loosing money, and Toyota is making money. SOMETHING needs to change.
Let's get the hard numbers out of the way. Today General Motors
revealed that excluding special items, it posted a net loss of $23
million in 2007. Add in some
funky deferred tax asset charge,
and the automaker's net loss last year rises to $38.3 billion. Aside
from that, we're interested in how GM fared in the business of selling
cars and trucks around the world last year. In 2007, the automaker
earned $553 million before taxes selling vehicles globally, compared to
losing $339 million in 2006. Worldwide vehicles sales increased 3% to
9.4 million vehicles last year, but the North American market was no
help, losing $1.5 billion before taxes.
If it were poker, Toyota would have looked at GM, pushed all its chips
into the pot and said, "You know what that means." The other marque in
the battle for worldwide supremacy has raised its projection for 2008
sales by 5-percent over this year, expecting to sell 9.85 million cars
around the world on production of 9.95 million cars. This year, 2007,
GM is estimated to have sold 9.3 million cars, compared to Toyota's
estimated sales of 9.36 million.
the big three need to fail. and then they can re emerge from bankruptcy and begin their rise...
