" . . . the might of GM and Ford"?
Compare and contrast market cap (i.e., net business value) and cumulative profits for 2005-07 . . .
BMW: market cap €11bn, cum. profits €8.1bn (in $
Ford: market cap $4.6bn, cum. LOSSES $13.9bn
GM: market cap $3.3bn, cum LOSSES a staggering $51bn
Porsche is a bit more complex because all the voting equity is still held by the families, but they have profits 2005-7 of €6.4bn.
Who's mighty now?
Posted: 27/10/2008 16:38