There is no such thing as a free lunch.

A Simple Comparison

In 2007, General Motors and Toyota both sold the same number of automobiles, about 9.37 million each. But while Toyota’s net profit was about $14 billion, GM lost a jaw-dropping $39 billion. $39….b-b-b-billion! Many are asking the question – does GM need a government bailout, excuse me, a “bridge loan”, to keep it from failing? I disagree with the premise of this question – GM has already failed. Miserably.

1 comment

1 Swash { 12.19.08 at 12:48 am }

American car companies are dead. I’d rather drive my wife’s used Hyundai than the Dodge Caliber I rented recently. At least the Hyundai is not trying to be a good car. :)

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