Wagoner: Half of All GM Vehicles Profitable
Under questioning before the Senate Banking committee underway right now, GM chief executive Rick Wagoner said about half of GM's 60 vehicle makes are profitable.
Sen. Richard Shelby (R-Ala.) asked the same question of Ford chief Alan Mulally and Chrysler chief Bob Nardelli, but did not get an answer as precise as Wagoner's.
Mulally implied that the larger Ford vehicles, like trucks and SUVs, were profitable while the smaller vehicles are not.
Nardelli appeared to say that only Chrysler's newer vehicles are profitable.
-- Frank Ahrens
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