Thursday, December 11, 2008

Selling Cars Isn't The Problem, Making A Profit Is


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)

The obvious questions is ... How does the bailout solve this problem?

HT: Carpe Diem Blog & Larry Kudlow and Sen. Tom Coburn on CNBC's "Kudlow & Company"