Re:GM Is Now Detroit’s Smallest Auto-Making Employer
by ejanus on Friday August 30, 2019 @03:45AM
(#20836617)
But Fiat doubled headcount, how was that possible if your argument that labour cost is the issue ? Let's not follow garden economics, greedy and laziness may be the root. BTW other auto companies are expanding except GM.
The real storm would be when next time they need bailout , would they be bailed out as US company?
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Re:GM Is Now Detroit’s Smallest Auto-Making Employer
by adventured on Friday August 30, 2019 @04:00AM
(#20836679)
> But Fiat doubled headcount ... BTW other auto companies are expanding except GM
GM's business is shrinking while most automakers have expanded in the last five years. It makes perfect sense that GM would contract their employee count as sales decline backwards by nearly two decades.
GM sales 2014: $155b | 2018: $147b
Their sales in 2005 were $193b by comparison. Automotive sales were $158b that same year.
Fiat sales 2014: €96b | 2018: €110b
Volkswagen sales 2014: €202b | 2018: €235b
Toyota sales 2015: ¥27.2t | ¥30.2t
Ford sales 2014: $144b | 2018: $160b
Honda sales 2015: ¥13.3t | 2019: ¥15.9t