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. ...
Premium Content (PAID Subscription Required)
"Analyst: Plummeting Big Three Truck Profits" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642