Quote:
Originally Posted by Tsar
This is a stab in the dark, but perhaps other industries are more profitable than auto industry, as indicated on this chart. 
 Don't kill me if I'm wrong. And I'm aware that the chart is old but I doubt it changed much.
Also question to anyone, the most recent FORTUNE magazine states that GM has operated in a negative since 2000, is that true? |
That was 2005, the peak of "profit" from subprime morgages....
Poor poor poor sample.
Comparing profit margins of someone who makes a profit making a product vs someone who sells a service are TOTALY different.
GM automotive has not been profitable for a while, its GMAC that kept them afloat, yes.
The current management didnt take control till 2003, and reorganization didnt start till 2005.