Operating profits from light truck sales will drop steadily from $24.3 billion in 1999 to $8.9 billion by 2004, predicts Goldman Sachs & Co. auto analyst Gary Lapidus, possibly spelling doom for the Big Three automakers. General Motors Corp., Ford Motor Co. and DaimlerChrysler Corp. make 120% of their profits from trucks, Mr. Lapidus says. The three had a combined loss of $3.5 billion on car sales in 1999, he adds. In remarks to the International Motor Press Assn. in New York, Mr. ...
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