GM stat of the day

Another mind blowing stat of the day from the outstanding blog Crossing Wall Street,

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

A managed bankrupcy is the only solution that makes sense.

2 Responses to “GM stat of the day”

1. Todd says:

   December 14, 2008 at 11:49 pm

   I heard that stat the other day and threw up a little in my mouth. We should let them go bankrupt and the UAW workers and their families go begging. Everyone involved has agreed to take a haircut except for the union. UAW workers may want to reconsider their leadership.
2. Detroit: The Road to the Final Two | Pundit Review says:

   March 31, 2009 at 9:35 am

   [...] in December I wrote that, a managed bankrupcy is the only solution that makes sense. Yesterday, for the first time President Obama signaled just that, President Barack Obama warned [...]