Friday, December 12, 2008

Auto Bailout

GM sales in 2007: 9,370,000 vehicles
Toyota sales in 2007: 9,366,418 vehicles
GM profit/loss in 2007: -$38,730,000,000 (-$4,055 per car)
Toyota profit in 2007: +$17,146,000,000 (+$1,874 per car)


Hmm. I'm no economist . . . and I don't own a business . . . but, and I might be wrong . . . going out on a limb here . . . GM doesn't appear to be very profitably run.

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