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Comments - USA - GM Goes Big, Toyota Gets Small
GM repeating mistakes of the past while Japan is pushing fuel-sipping subcompacts?
USA -Forbes, by Joann Muller -17 Jan 2006: -- While Japan pushes fuel-sipping subcompacts, GM is going big. Sound familiar?... Remember what happened during the oil crises of the 1970s?... Japanese automakers capitalized on soaring gas prices by flooding the U.S. with small, fuel-efficient compacts, while American carmakers kept cranking out their gas-guzzling land yachts. That marked the beginning of Detroit's long market-share slide. In 1973 the Big Three had a combined 82% of the U.S. market. At the end of 2005 they had just 57%... Maybe there's motive to GM's seeming madness. After a miserable 2005 JPMorgan anticipates GM's full-size-SUV production to rise 21% in 2006, adding $900 million in pretax profit this year and another $1.2 billion in 2007. Those $12,000 subcompacts don't have that kind of earnings horsepower...
posted by Unknown @ 10:36 AM
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