August 31, 2005

GM highest in loss per vehicle in North America, report says

Troy, Michigan – General Motors had the worst per-vehicle net income of North America’s top six automakers during the first half of 2005, according to a report from Harbour Consulting.

GM lost an average of US$1,227 per vehicle sold in North America during the first six months of 2005. Ford was second with a per-vehicle loss of US$139, while the Chrysler group showed a profit, of US$186 per vehicle.

All three top Japanese manufacturers also showed a profit: Nissan was the highest at US$1,826 per vehicle, followed by Toyota at US$1,488 and Honda with US$1,023.

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