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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.
GM Ford Chrysler Big 3 Total Toyota Honda
1.
US Market Share as of:
- Oct. 2008 1
 19.9% 15.3% 11.3% 46.5% 18.1% 10.3%
- Dec. 2007 2 23.4% 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 6 9.37 million 6.55 million 2.68 million 18 million 8.52 million 3.65 million
4.
 Employees:
- Direct (US) 7		 96,000 80,000 63,480 242,000 36,632 25,000
- Indirect (US) 8 340,000 ? ? 2.5-3 million ? ?
- Direct (Global)9 266,000 244,000 ? ? 316,121 178,960
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? 12 Yes Yes Yes -- No No
8. Annual Union Dues per Employee13 $952.32 $693.12 $699.60 $781.68 nonunion nonunion
9. # of Legacy Employees 14 see footnote see footnote see footnote see footnote see footnote see footnote
10. Annual Cost of Legacy Employees 15 $6 billion see footnote see footnote see footnote see footnote see 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 --- $900,000 see footnote
13. # of Plants (US) 18 75 36 23 134 8 4
14. # of Brands (US)19 8 5 3 16 3 2
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 23 GM 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) 25 10-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)
GM Ford Chrysler Big 3 Total Toyota 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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