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.
Motor Trend – August 2009