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Ceterum autem censeo, GM esse delendam
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11-19-2008, 10:53 AM
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ValintinoV
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Nov 2005
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Originally posted by DanS
The Detroit Three's exaggerations are disheartening and insulting. According to the Bureau of Economic Analysis, the contribution of motor vehicle output to the economy is 2.3% right now and about 3% in good times. That includes products that the car companies don't sell (some heavy duty trucks, etc.). That includes the Japanese and European car companies who assemble vehicles in the States, and who, incidentally, have over half market share.
See line 15...
http://www.bea.gov/national/nipaweb/...&LastYear=2008
Not only half the market, I'd bet they also create most of the 2.3% as well.
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