Home / Uncategorized / Chrysler Lost Over $1,000 For Every Car Sold in 2006
Image_16266_tmimage.jpg

Chrysler Lost Over $1,000 For Every Car Sold in 2006

You know there’s something not quite going right when you lose money with every sale, but that’s exactly what happened over at Chrysler last year. It was no small sum either, because — on average — every car that rolled off the lot with a happy customer behind the wheel cost the company a cool $1,111.

To put that in perspective, General Motors was in for a losing cause as well, emptying their pockets of $146 for every vehicle sold over the same time period. By contrast, all three of Japan’s major automakers were rolling profit. Toyota, Honda and Nissan all made roughly $1,593 in profit for every vehicle sold.

So, what went wrong? Well, that’s the question that will have to be answered by incoming Chrysler CEO Robert Nardelli. Because what’s the point of being in business if you’re not turning a profit?

Comments

comments

About Michael Kwan

A freelance writer and tech geek from Vancouver. Find me at michaelkwan.com and follow me on Twitter @michaelkwan.

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

%d bloggers like this: