Replies to post #72542 on Intel Corp (INTC)

[wbmw]

Re: And yet the main problem facing Detroit, overwhelmingly, is not the pay gap. That’s unfortunate because fixing the pay gap would be fairly straightforward.

The real problem is that many people don’t want to buy the cars that Detroit makes. Fixing this problem won’t be nearly so easy.

Nice data, Windsock, but it seems to contradict the data just presented by RobertG. People seem happy to buy the cars from Detroit - they just don't want to pay the same amount of money for them. That is, it seems RobertG's data suggests a cost or pricing issue, and since your article suggests it's not a cost problem....


GM sales in 2007: 9,370,000 vehicles
TOYOTA sales in 2007: 9,366,418 vehicles

GM profit/loss in 2007: -$38,730,000,000 (-$4,055 per car)
TOYOTA profit in 2007: +$17,146,000,000 (+$1,874 per car)

[RobertG]

If that New York Times piece were paper, it would be good for only one thing.