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Written by Jason Huber
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Thursday, 02 July 2009 07:48 |
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Who's really losing money in the auto industry?
Here is a list of loses for the world's largest automakers. This list runs from March 2008 to March 2009. As it turns out the Japanese auto makers have lost a total of 12.6 billion dollars (Toyota, Honda, and Nissan) and the America's big 3 have lost a total of 9 billion (GM, Ford, and Diamler AG - Chrsyler). Suprised, you should be.
- Toyota -6.9 billion
- GM - 5.9 billion
- Honda Motor - 2.9 billion
- Nissan Motor -2.8 billion
- Daimler AG (Chrysler) -1.7 billion
- Ford Motor -1.4 billion
These are tough times for everyone, so before you bash the American auto industry (don't get me wrong they have made some mistakes) take a look at the WHOLE picture including the financial help that Toyota has received from their Government also.
Sources:
Motor Trend - August 2009
Bloomberg.com |
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Last Updated on Thursday, 02 July 2009 08:21 |
