"For the words of the profits(sic) were written on the (design) studio wall
And echoes with the sounds of salesmen"
"GM’S 2011 PERFORMANCE
GM reported its earnings for last year and the numbers are pretty impressive. The company sold just over 9 million vehicles worldwide. That’s 641,000 more vehicles than it sold the year before, representing a 7.6 percent gain. That increase in sales boosted revenue to more than $150 billion, which is $14.6 billion more than a year ago, an increase of almost 11 percent. And the company’s net profits hit almost $7.6 billion, a 62 percent increase.
So how is it that if sales are up 7.6 percent, and revenue is up 11 percent, that profits can jump 62 percent? Well, that’s how the magic happens in the automotive business. Once you get over your break-even point everything starts dropping to the bottom line. It may cost a bundle of money to hit that point, but once you cross over it’s all gravy."
http://www.hulu.com/watch/291086/saturd ... stal-gravy
Good Gravy
-
- Master Standardshifter
- Posts: 11607
- Joined: Mon Mar 16, 2009 3:44 pm
- Cars: '08 Jeep Liberty
- Location: Greater Detroit Area
Good Gravy
'08 Jeep Liberty 6-Speed MT - "Last of the Mohicans"