GM vs. Toyota: by the #'s
GM vs. Toyota: By the Numbers
by Diane Geng Dec. 19, 2005 -- General Motors has been the world's No. 1 automaker since 1931. But GM's dominant position is eroding rapidly. Last year, Toyota surpassed Ford Motor Co. to become No. 2 in the global vehicle market. Some analysts predict Toyota will catch up to GM in two to three years. In November 2005, GM announced that over the next three years it plans to cut 30,000 jobs and reduce capacity by 30 percent from 2002 levels. We compare the global auto industry's two titans, with an emphasis on the U.S. and North American markets. Vehicle Production Started in U.S. Source: GM & Toyota GM: 1908 Toyota: 1986 Brands Sold in North America Source: GM & Toyota GM: Buick, Cadillac, Chevrolet, GMC, HUMMER, Pontiac, Saab, Saturn Toyota: Toyota, Lexus, Scion, Hino Best-Selling Vehicle in U.S. Source: GM & Toyota GM: Chevrolet Silverado 680,768 sold in 2004 Toyota: Toyota Camry 426,990 sold in 2004 U.S. Sales in 2004 Source: Harbour Consulting & Toyota GM: 4,655,459 Toyota: 2,060,049 U.S. Market Share Source: First nine months of 2005, Harbour Consulting GM: 26.8% Toyota: 13% Vehicle Production in North America 2004 Source: GM & Toyota GM: 5.2 million Toyota: 1.44 million Profitability per Vehicle Source: 2005 Harbour Report GM: Loses $2,331 per vehicle Toyota: Makes $1,488 per vehicle Net Income in the First 9 Months of 2005 Source: Harbour Consulting GM: $4.15 billion loss from North America operations off-set by profits in Europe and Asia for an overall loss of $3.8 billion Toyota: $7.89 billion (¥921.7 billion, converted at 116.81 yen to $1) Number of Plants in North America Source: GM & Toyota GM: 77, all unionized. Plans to close 12 facilities by 2008 (see press release). Toyota: 12, three unionized in Long Beach, Calif., Fremont, Calif., and Tijuana, Mexico. Average Plant Capacity Utilization Source: Harbour Report 2005 GM: 85% Toyota: 107% using overtime workers Production Time per Vehicle Source: 2005 Harbour Report GM: 34.3 hours, 2.5% improvement since 2003 Toyota: 27.9 hours, 5.5% improvement since 2003 North American Workforce Source: GM & Toyota, Dec. 2005 GM: White collar: 36,000 Production: 106,000. Retirees: 460,000 Toyota: White collar: 17,000 Production: 21,000 Retirees: 1,600 Average Hourly Salary for Non-Skilled, Assembly Line Worker Source: Center for Automotive Research GM: $31.35/hour NOTE: Includes idle workers still on payroll and those on protected status. Toyota: $27/hour NOTE: Includes year-end bonus. Health Care Costs per Vehicle in 2004 Source: 2005 Harbour Report & A.T. Kearny Inc. GM: $1,525 Toyota: $201 Average Labor Cost per U.S. Hourly Worker Source: GM & Toyota GM: $73.73 Toyota: $48 Worldwide Sales in 2004 Source: Harbour Consulting GM: 8.9 million Toyota: 7.7 million Global Market Share Source: Automotive News annual ranking of the world's automakers by sales and production, figures for 2004 GM: 13.2%, down from 14.6% in 2002 Toyota: 10.9% up from 10.6% in 2002 Worldwide Vehicle Production Projected for 2005 Source: 2005 Harbour Report GM: 9 million Manufacturing operations in 32 countries, vehicles sold in 200 countries Toyota: 8.4 million Manufacturing operations in 26 countries and regions, vehicles sold in over 170 countries |
amazing....here's what I found interesting.
"Profitability per Vehicle Source: 2005 Harbour Report GM: Loses $2,331 per vehicle Toyota: Makes $1,488 per vehicle " and... "Average Hourly Salary for Non-Skilled, Assembly Line Worker Source: Center for Automotive Research GM: $31.35/hour NOTE: Includes idle workers still on payroll and those on protected status. Toyota: $27/hour NOTE: Includes year-end bonus" I'm obviously in the wrong line of work. I need to go to the honda or Hyundai plant here and see if they're hiring. |
Yah, its pretty sad.
I believe that health insurance costs are a main factor in loss per vehicle...... :evilgrin: |
Toyota > GM
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Originally Posted by scotty878
Toyota > GM
hmm...yes and no corvette Z06 > all corolla > none :yelrotflm |
Supra > Vette
but that doesnt count does it? |
Originally Posted by ghettopro
Supra > Vette
but that doesnt count does it? nope. doesnt count on topic Toyota WILL surpass GM as the #1 car company in the world, VERY soon |
GM has to get off its ass and get rid of all the workers that are making way too much.
Average Labor Cost per U.S. Hourly Worker Source: GM & Toyota GM: $73.73 Toyota: $48 |
I love the fact that Alabama, Tennesse and Mississippi are the new Detroit. We've got Mercedes, Hyundai and Honda here within an hour of me in each direction. In MS, they've got Nissan and Nissan is building their new US headquarters in Smyrna TN where the Saturn (GM) plant is being closed in the near future.
Congrats GM you're the death of the US car market. |
That time has arrived where some lazy *ss southern people, can actually get themselves to work and be productive! (jk) :bt:
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omg 460,000 retirees. they need to take a page from the airline industry and cut them off.
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