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Tue
Aug 05 2008

Company vs country

Ed Keohane

The sheer scale of Ford's recent quarterly loss - $8.7bn - is difficult to understand. I know what you might be able to run for a hundred dollars a year (a laptop), a thousand dollars a year (a motorbike), even a million dollars a year (a small web design company), but what can you do Fordwith $34bn a year?

Well, according to the World Bank, you could run Tunisia... or Guatemala.

Yes, Ford's running costs are on a par with those of a small, developing country.

Now, any guesses which country's GDP General Motor's $15.5bn quarterly loss equates to?

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About Ed Keohane

Says his job description should be shown at the Smithsonian as one of the longest documents in the English language. Likes small cars and simple 4x4s that he can mend himself.

Comments

phenergn August 6, 2008 10:29 AM

$62 bn? How about lithuania and cyprus put together?

It takes a special level of effort for a company to loose $6630 per car.

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