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1. hugh+(OP)[view] [source] 2008-07-11 21:01:40
I should clarify: actually GM's problem is not that their sales are low or that their gross profit per vehicle is particularly low either -- their problem is that they have enormous fixed costs (including, but not limited to, pensions for retired employees) which makes them particularly susceptible to small sales downturns in a way that many other car companies aren't.
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