Try as they might, General Motors and Ford will not be able to catch up to Toyota’s level of profitability before 2020 – if then. Both of the American auto makers are scrambling to put as many of their vehicles on common platforms as possible, sharing as many components as they can. Yes, even in the 21st Century, economies of scale still are the key to making money in this business. But with all the brands and with all the global products they have, it’s going to take them at least ...

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