Auto Bail Out explanation please
December 13, 2008 by kellys
Filed under automotive, financial matters, news
Someone smarter than me is going to have to explain to me this whole auto bail out plan because I am not getting it. This week I heard a statistic but I can’t remember the source. The statistic went like this … In 2007, Toyota and GM sold the same amount of gross product. Toyota, however, mad etwice the profit as GM. So if htey are both making cars in the US and they both brought in similar amounts of money, then why is Toyota fine and GM needing y tax dollars to pay a rediculous overhead.
Let me say quickly …read more
