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)

"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.