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Mismanagement at the Big Three

QandO found this 12/10/2008 on blog.mises.org

It was a dead heat. General Motors sold 9.37 million vehicles worldwide in 2007 and lost $38.7 billion. Toyota sold 9.37 million vehicles in 2007 and made $17.1 billion. That was the second best sales total in GM's 100-year history and the biggest loss ever for any automaker in the world.  ...