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Cerberus Starting to Get Some Attention
QandO — ... is singularly unworthy of taxpayer funds. Chrysler has a bountiful source of funds available to it, so it simply has no need to go begging for our money. GM is unworthy for the following reason [HT: HAHL]: December 10, 2008 Stat of the Day In 2007, Toyota sold 9.37 million vehicles. In 2007, General Motors sold 9.37 million vehicles. In 2007, Toyota made $17.1 billion. In 2007, General Motors lost $38.7 billion. (Source: Mises Blog) That’s right. For the same volume of cars sold, ...

Viking Pundit — Some numbers for review Mises Economics blog: " Mismanagement at the Big Three " It was a dead heat. General Motors sold 9.37 million vehicles worldwide in 2007 and lost $38.7 billion. Toyota sold 9.37 million vehicles in 2007 and made $17.1 billion. That was the second best sales total in GM's 100-year history and the biggest loss ever for any automaker in the world. For Toyota, that was roughly $1,800 in profit for every vehicle sold. For GM, it was an average loss of $4,100 for every vehicle sold. Yikes. (HT: ...