Quote:
Originally Posted by bmblebee
perhaps an understanding of cost accounting is needed. If an airline sends a plane on a flight, where every seat but one is full, they can claim they lost money on the flight. It has nothing to do with revenue vs expenses.
If you accept the rebate, or zero percent financing when you purchase a car they finance in house, the manufacturer claims a loss on the sale
|
That is fine for a discussion of individual cars, but doesn't tell the story of GM as a whole. GM's EBIT for 2008 was negative $30 billion. That has everything to do with revenue vs. expenses. With GM selling just under 8.5 million cars worldwide in 08 it also tells me, by loosing around $3,500 per car sold, it isn't just claimed losses.