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Originally Posted by zafarhayatkhan
"DCX QUARTERLY EARNINGS FALL 30%. Daimler-
Chrysler AG says its net earnings in the first quarter
declined 30% to $374 million this year, dragged down by
a $1.2 billion operating loss for its Mercedes Car Group."
Toyota's net profit grew to $2.9 Billion for the quarter.
GM's automotive operations lost $1.3 Billion.
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You've reminded me of an interesting article in Automotive News a couple of weeks ago. It seems that the value of GM stock has gone down so far that the total value of the company is approximately equal to Toyota's annual profit - both about $16 billion as I recall. In other words Toyota makes enough money in 12 months to buy all of GM. The article also pointed out that Harley Davidson's market capitalzation (total value) is greater than GM's - with a very small fraction as much in sales. This is amazing stuff - which would normally mean that GM would be a takeover candidate - except that I don't think there's anyone who wants them.