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Originally Posted by terry1156
I think the point is to sell your product for a profit:
General Motors Corp. lost an average of $1,227 per vehicle in the first half of this year in North America
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Despite GM's losses in the first and second quarters of this year, it still has about
$20 BILLION in cash reserves. Labor costs account for only 15 percent to 20 percent of the cost of a car, and GM's recent sales promotion, which offered consumers the same discount as employees, cost much more than GM’s annual healthcare costs.
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