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#1
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Big Three no more...
Looks like Toyota has surpassed both Chevrolet & Ford for cars sold.
Chrysler is now German-owned and smaller than Honda, Toyota, and Nissan in terms of market share. The "Big Three" market share is now only 48%. They totally abondoned cars for light trucks. Only this coming model year-2005- will we see some decent cars from US automakers. Compare this to, say, 1970 when Detroit commanded over 90% ofthe US car market. GM had nearly 50% all to itself. Hopefully the new Fords, Chevrolets (GM), and Daimler/Chrysler models will reverse this trend. |
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#2
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#4
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(eddy eagle) writes:
> (Stephen H. Westin) wrote in message u>... > > (Zoggin) writes: > > > > > Looks like Toyota has surpassed both Chevrolet & Ford for cars sold. > > > Chrysler is now German-owned and smaller than Honda, Toyota, and > > > Nissan in terms of market share. > > > > Hmm. I think you're talking about the US market, aren't you? > > Worldwide, Toyota just squeaked past Ford for #2 last year, I think; > > this includes cars and trucks. <snip> > GM, Ford and Chrysler have not been the BIG three in many years.Honda, > Nissan and Toyota are far bigger companies. What do you mean by that? In worldwide number of units sold, the order is 1. GM 2. Toyota (barely) 3. Ford Nissan is smaller (and 44% owned by Renault, as I recall); Honda is smaller yet. In terms of total revenue, I would guess that Ford's finance and other subsidiaries (e.g. Hertz Car Rental) would make it bigger than Toyota. > In auto circles GM, Ford > and DC are referred to as the Detroit Three instead of the Big Three. I don't know what "auto circles" you're talking about. -- -Stephen H. Westin Any information or opinions in this message are mine: they do not represent the position of Cornell University or any of its sponsors. |
#5
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(Stephen H. Westin) wrote in message u>...
> (eddy eagle) writes: > > > (Stephen H. Westin) wrote in message u>... > > > (Zoggin) writes: > > > > > > > Looks like Toyota has surpassed both Chevrolet & Ford for cars sold. > > > > Chrysler is now German-owned and smaller than Honda, Toyota, and > > > > Nissan in terms of market share. > > > > > > Hmm. I think you're talking about the US market, aren't you? > > > Worldwide, Toyota just squeaked past Ford for #2 last year, I think; > > > this includes cars and trucks. > > <snip> > > > GM, Ford and Chrysler have not been the BIG three in many years.Honda, > > Nissan and Toyota are far bigger companies. > > What do you mean by that? In worldwide number of units sold, the order is > 1. GM > 2. Toyota (barely) > 3. Ford > > Nissan is smaller (and 44% owned by Renault, as I recall); Honda is > smaller yet. In terms of total revenue, I would guess that Ford's > finance and other subsidiaries (e.g. Hertz Car Rental) would make it > bigger than Toyota. > > > In auto circles GM, Ford > > and DC are referred to as the Detroit Three instead of the Big Three. > > I don't know what "auto circles" you're talking about. Well, based on market cap Toyota is about 6X GM and Honda is 1.5X GM, Net income, same general pattern. If you just want to brag volume, fine for right now. Like the old car dealer ad said, "We lose a little on each vehicle, but we make it up in volume." |
#6
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(eddy eagle) writes:
> (Stephen H. Westin) wrote in message u>... > > (eddy eagle) writes: > > > > > (Stephen H. Westin) wrote in message u>... > > > > (Zoggin) writes: > > > > > > > > > Looks like Toyota has surpassed both Chevrolet & Ford for cars sold. > > > > > Chrysler is now German-owned and smaller than Honda, Toyota, and > > > > > Nissan in terms of market share. > > > > > > > > Hmm. I think you're talking about the US market, aren't you? > > > > Worldwide, Toyota just squeaked past Ford for #2 last year, I think; > > > > this includes cars and trucks. > > > > <snip> > > > > > GM, Ford and Chrysler have not been the BIG three in many years.Honda, > > > Nissan and Toyota are far bigger companies. > > > > What do you mean by that? In worldwide number of units sold, the order is > > 1. GM > > 2. Toyota (barely) > > 3. Ford > > > > Nissan is smaller (and 44% owned by Renault, as I recall); Honda is > > smaller yet. In terms of total revenue, I would guess that Ford's > > finance and other subsidiaries (e.g. Hertz Car Rental) would make it > > bigger than Toyota. > > > > > In auto circles GM, Ford > > > and DC are referred to as the Detroit Three instead of the Big Three. > > > > I don't know what "auto circles" you're talking about. > > Well, based on market cap Toyota is about 6X GM and Honda is 1.5X GM, > Net income, same general pattern. > If you just want to brag volume, fine for right now. Like the old car > dealer ad said, "We lose a little on each vehicle, but we make it up > in volume." Well market capitalization means how much stock buyers are willing to pay. It can change overnight, so I would think of that more as a performance measure than one of size, which I think of as an intrinsic property. Similarly, net income means that Toyota and Honda manage more profit on each unit, not that their company is bigger. Here are figures from Yahoo: Mk.Cp. Revenue Gross Profit GM 26.13 185.52 33.42 Ford 25.70 164.20 38.28 Toyota 118.18 147.99 26.32 Honda 43.08 73.31 21.26 Nissan doesn't have figures there, as their fiscal year ends at the end of this month. Anyway, GM and Ford bring in more money and the profit is greater, as well. Apparently Toyota's larger unit volume is made up of lower-priced cars than Ford, on the average. Or perhaps Ford's non-automotive revenue is greater. I didn't say "better", or "more profitable", I said "bigger". And you were talking about "auto circles", not "financial circles". -- -Stephen H. Westin Any information or opinions in this message are mine: they do not represent the position of Cornell University or any of its sponsors. |
#7
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I think you should change your Depends now,
Which the stool contains mostly rice anyway! Refinish King. Oh, and by the way, are you a Toyota salseperson? PS Did you know the partnership at NUMMI, between GM, Toyota and Suzuki ends in less than two years, and Toyota signed a ten year technology sharing agreement with GM. Because GM has prefected the 48 volt electrical system for vehicles, and look at who helped Bosch perfect the Electronic Injection System, GM! "eddy eagle" > wrote in message om... > (Stephen H. Westin) wrote in message u>... > > (eddy eagle) writes: > > > > > (Stephen H. Westin) wrote in message u>... > > > > (Zoggin) writes: > > > > > > > > > Looks like Toyota has surpassed both Chevrolet & Ford for cars sold. > > > > > Chrysler is now German-owned and smaller than Honda, Toyota, and > > > > > Nissan in terms of market share. > > > > > > > > Hmm. I think you're talking about the US market, aren't you? > > > > Worldwide, Toyota just squeaked past Ford for #2 last year, I think; > > > > this includes cars and trucks. > > > > <snip> > > > > > GM, Ford and Chrysler have not been the BIG three in many years.Honda, > > > Nissan and Toyota are far bigger companies. > > > > What do you mean by that? In worldwide number of units sold, the order is > > 1. GM > > 2. Toyota (barely) > > 3. Ford > > > > Nissan is smaller (and 44% owned by Renault, as I recall); Honda is > > smaller yet. In terms of total revenue, I would guess that Ford's > > finance and other subsidiaries (e.g. Hertz Car Rental) would make it > > bigger than Toyota. > > > > > In auto circles GM, Ford > > > and DC are referred to as the Detroit Three instead of the Big Three. > > > > I don't know what "auto circles" you're talking about. > > Well, based on market cap Toyota is about 6X GM and Honda is 1.5X GM, > Net income, same general pattern. > If you just want to brag volume, fine for right now. Like the old car > dealer ad said, "We lose a little on each vehicle, but we make it up > in volume." |
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