I saw the following report about the plight of US automakers. Ford and GM actually lost money on each car sold in North America.I guess I'm helping the industry by not buying. I will have had my Ranger for ten years next month. Barring any unforeseen circumstances, I cannot see myself buying a replacement vehicle for at least another decade.
According to the Harbour Report ...
"Detroit still trails Japanese automakers in profit per vehicle. Nissan, Toyota and Honda each earned a pretax margin of more than $1,200 on every vehicle sold in North America. Chrysler earned $223, while Ford lost $590 and GM lost $2,496 on each vehicle sold in 2005. The figures reflect differences in health-care and pension costs, and expenses associated with cash rebates and financing incentives."
