It’s hard to believe, given the news, that GM is still the world’s largest car manufacturer, producing 9.4m cars to No 2 Toyota’s 8.5m in 2007. Whatever GM’s problems, low productivity is not one of them.
If someone’s going to confuse gross production with productivity there’s not all that much point in listening to them in an economic argument, is there?
5 responses so far ↓
1 Mark Wadsworth // Jan 31, 2009 at 12:19 pm
What on earth is a Genetically Modified car?
2 Emil // Jan 31, 2009 at 12:21 pm
Worse still, he also gets his facts mixed up. GM is not the worlds largest car maker, Toyota is. As reported by his very own paper on the same day (!): mixehttp://www.guardian.co.uk/business/2009/jan/30/toyota-honda
Toyota thus has a higher productivity and a higher gross production
3 marksany // Jan 31, 2009 at 1:18 pm
Toyota also has a protected home market and massive government subsidy.
4 Michael Jennings // Jan 31, 2009 at 2:44 pm
Increased tractor production. Splendid.
5 lukas // Jan 31, 2009 at 4:13 pm
marksany, so the Japanese government wants to subsidize foreign citizens that buy cars and restrict the free choice of their own subjects? They are only hurting themselves.
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