I may have answered the wrong question. You can get the breakdown of Ford and GM profits re financial vs manufaturing operations from their annula reports, but I don't trust the numbers for the reason that Doug hints at. For example, GM's financila arm has done incredibly well even during this period of massive financial rebates; the reason is that GM's manufacturing arm absorbs the cost of these rebates in its own accounts, and the financial arm doe not refelct this.
-----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Doug Henwood Sent: April 11, 2005 6:33 PM To: [email protected] Subject: Re: [PEN-L] data question Michael Perelman wrote: >This data goes further, showing how manufacturing companies are also >morphining into fiancial agents. The Ford/GM case is now well known, >but it is becoming more common. According to the latest BEA profits release, the expert on call is: >Greg Key: (202) 606-9727 (Profits) I've never seen the BEA make any such distinction, but they may have some obscure or unpublished data that does. When I last looked at Ford & GM, almost all their financing activities were related to the purchase of the vehicles they manufactured. Doug
