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Should the Big Three car manufacturers be bailed out by the US government?

This site presents in a simple, nonpartisan pro-con format, responses to the core question "Should the Big Three car manufacturers be bailed out by the US government?" along with related research.

ARCHIVED WEBSITE: No new data posted since May 15, 2009. The Big Three Auto website was ProCon.org's first "mini" website for which we dedicated about 200 hours to create. Out other (non-mini) sites normally take nine months to a year (1,600 to 2,000 hours) to build.

On May 15, 2009 we archived the site - meaning we will (usually) no longer make any updates to it. The site was archived because on Dec. 19, 2008 President Bush offered the Big Three automakers federal loans and our core question became moot. We continued to present relevant historical and contextual information, and we completed our research efforts in Apr. 2009.

Please note that the site will remain publicly accessible so that our readers can continue to benefit from the information it provides.

For a list of all our websites, please visit www.procon.org.


      1. Chart comparing Big Three auto makers to Toyota and Honda
        Compares sales, employees, costs, CEO compensation, and 15+ more stats in this 144-point chart.

      2. Read statements from Obama, Romney, Krugman, Wagoner, and other VIPs.

      3. See the actual agreements the Big Three have with unions, employees and others.

      4. Chapter 11 bankruptcy laws and rules detailed here.


I. Chart comparing Big Three auto makers to Toyota and Honda



A.B.C.D.E.F.


GMFordChryslerBig 3 TotalToyotaHonda
1.
US Market Share as of:
- Oct. 2008 1
19.9% 15.3% 11.3% 46.5% 18.1% 10.3%
- Dec. 2007 223.4%15.6%12.6%51.6%15.9%9.4%
2.Global Sales:
- 2008 Year to Date 3
$118.8 billion$117.1 billion??$143.9 billion$66.7 billion
- 2007 total 4$181.12 billion$172.45 billion??$202.86 billion$94.11 billion
3.
Global Cars Sold:
- through Sep. 2008
5
6.63 million?1.18 million?8.91 million?
- 2007 total 69.37 million6.55 million2.68 million18 million8.52 million3.65 million
4.
Employees:
- Direct (US
) 7
96,00080,00063,480242,00036,63225,000
- Indirect (US) 8340,000??2.5-3 million??
- Direct (Global)9266,000244,000??316,121178,960
5.Revenue per Employee 10$680,910$1,837,925$500,217---$830,043$670,697
6.Average Wage per Hour 2006 (US) 11$39.68
$28.88
$29.15$32.57$24$24
Average Value of Benefits per Hour 2006 (US) 11$33.58$41.63$46.71$40.64$24$24
Average Hourly Compensation 2006 (US Wage and Benefits)11$73.26$70.51$75.86$73.21$48$48
7.Union Employees? 12YesYesYes--NoNo
8.Annual Union Dues per Employee13$952.32$693.12$699.60$781.68nonunionnonunion
9. # of Legacy Employees 14see footnote see footnotesee footnotesee footnotesee footnotesee footnote
10.Annual Cost of Legacy Employees 15$6 billionsee footnotesee footnotesee footnotesee footnotesee footnote
11.CEO
(since) 16
Rick Wagoner (2000)Allan Mulally (2006)Robert Nardelli (2007)---Katsuaki Watanabe
(2005)
Takeo Fukui
(2003)
12.CEO 2007 Compensation 17$14.4 million$21.7 million$1 salary; full comp. not disclosed---$900,000see footnote
13.# of Plants (US) 1875362313484
14.# of Brands (US)198531632
15.Income Before Tax 2007 20-$5.73 billion-$3.75 billion? ? $21.96 billion $7.60 billion
16.Federal Income Taxes Paid/Refunds Received in 2007 21$37.16 billion-$1.29 billion? ? $7.61 billion$2.41 billion
17.Net Profit or Loss
2007 22
-$38.73 billion-$2.7 billion??$13.93 billion?
18.Links to 2007 Annual Reports 23GM Report
5.3 MB
Ford Report
6.2 MB
Daimler Report
3.7 MB
--Toyota Report
3.3 MB
Honda Report
5.7 MB
19.Links to SEC Filings:
- Last Quarterly Report
(filing period)
24
10-Q (9/30/08)
1.1 MB
10-Q (9/30/08)
516 KB
Daimler 6-K (10/08)
1.2 MB
--6-K (10/08)
77 KB
6-K (10/08)
80 KB
- 2007 Annual Report (filing period) 2510-K (12/31/07)
2.1 MB
10-K (12/31/07)
(960 KB)
Daimler 20-F (12/31/07)
4.3 MB
--20-F (3/31/08)
(4.2 MB)
20-F (3/31/08)
(488 KB)


GMFord ChryslerBig 3 TotalToyota Honda


A.B.C.D.E.F.

See Sources and Notes for data in this chart
Pros and Cons by Issue
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Last updated on 11/6/2009 7:11 PM PST