U.S. Automakers Continue To Lose Money On Vehicles Built In North America
Agent009 submitted on 5/31/2007 Official Bell & Ross Timestamp: 2:15:47 PM
18 user comments | Category: New Cars | Source: | SOURCE: www.detnews.com


Ford Motor Co.
lost $5,234 on each vehicle it built in North America last year, a shortfall that's nearly eightfold what it was a year earlier, according to a much-watched study on labor productivity released today.
Nissan Motor Co. again was the most profitable automaker on a per vehicle basis followed by Honda Motor Co. and Toyota Motor Corp. Nissan made $1,575 per vehicle sold in North America. In contrast, Toyota made $1,266 per vehicle, while Honda made $1,368.
Each of Detroit's automakers lost money, according to the Harbour Report.
GM was the only automaker to improve its profitability per vehicle. Even with the improvement, GM loses $1,436 per vehicle, trailed only by Ford. The Chrysler Group lost $1,072 per vehicle.
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