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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (46938)6/26/1998 11:08:00 PM
From: Dwight E. Karlsen  Read Replies (1) of 58727
 
thanks for drawing my attention to Bob Furman's post, lisa. In a Barron's piece on Monday, there was a very very long GM story. Not surprisingly, GM trails the other two (Ford & Chrysler) on nearly every financial measurement, starting with profit per car. Chrysler's profit per car is substantially more than GM's, about double if I remember right.

Not that the union cares about company profit per car, but it falls to GM management to think about things such as competition, and what impact that may have on market share trends, etc. Sure GM is still making profits, but if GM doesn't do anything about it's costs while the competition is getting lean and mean, GM could be forced into a very undesirable position (i.e. manufacturing cars which it is forced to sell at a loss).
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