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Losses - USA - REPORT: GM tops per-vehicle loss
Detroit,MIch,USA -Detroit Free Prees/AP/Bloomberg -Aug 30, 2005: -- General Motors Corp., the world's largest automaker, lost an average of $1,227 per vehicle sold in North America during the first half of 2005, the most of any U.S. automaker, according to an industry analyst... Ford Motor Co., the second-biggest U.S. car maker, had a loss of $139 per vehicle, while DaimlerChrysler AG's Chrysler Group produced a profit of $186, Laurie Felax, vice president of Harbour Consulting in Troy, said Monday... GM and Ford are trying to cut costs as they struggle with excess capacity while raw material prices and benefit costs rise. Ford has trimmed employees and has said more cuts will come, while GM is in talks with the UAW in an effort to lower health-care expenses... WINNERS: Nissan Motor Co. led the world's biggest automakers with a profit of $1,826 per vehicle, followed by Toyota Motor Co. with $1,488 and Honda Motor Co. with $1,203...
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