Quote:
Originally Posted by jfelbab
In case you were interested, in 2007, Toyota made over $700 per vehicle while GM, Ford and Chrysler lost $729, $1467 and $412 per vehicle respectively. This was before the credit crisis. So tell me why we should pour money into them when they were not profitable even before this crisis. How would this bailout make them profitable? Unless they get new leadership, new labor contracts and a total reorganization, it is not a bailout. It is just delaying the demise.
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Once again, OUTDATED OBSOLETE DATA... This is now a non issue... New labor contracts have been made....