Word: profiteered
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...rewards could be as king-size as the vehicles' cabs. Ford earns an estimated $2,000 profit on each of its F-Series pickups, providing one of its fattest margins for a high-volume vehicle. The North American market for pickups is about 3 million a year. And while Ford will launch a redesigned F-150 this summer, Ghosn is confident that Nissan's investment in the Titan (whose platform will be used by other vehicles) will pay off. "Each time competitors enter a segment, profits have a tendency to go down," he acknowledges. "But the truck segment will remain...
...based unit of DaimlerChrysler) is slowest at 31 hours, according to the Harbour Report, an annual productivity guide. These times translate into an extra expense of $300 to $500 a vehicle for the Big Three as compared with the transplants, which in a tough market can kill already slim profit potential...
...assigning a new task to a worker requires consulting the local union leader, who might approve the extra job but insist on a quid pro quo--say, extra break time. Such complications can make it more costly to adjust the vehicle mix--leading to unsold vehicles and requiring more profit-eating 0% financing...
...workers help support each retiree. Worldwide, GM's underfunded pension and health-care obligations stand at around $77 billion, which shaves an estimated $1,700 in potential profit off every sale (Ford's and Chrysler's liabilities are less severe). GM says the problem is manageable--assuming the stock market rallies and GM hits its cost-savings and revenue targets. Transplants' legacy costs aren't as high, in part because they haven't had to downsize in North America and because their governments pick up more of the costs of health care and pensions at home...
...honor. And in a poll of Japanese women, he was voted one of the top four men they would most want to father their children. Widely known as "Mr. Fix It," CEO Ghosn has lifted Nissan from near bankruptcy and in just four years has given it industry-leading profit margins, a debt-free balance sheet and a fleet of popular, critically acclaimed cars and trucks. He is leading the bold expansion by foreign carmakers eager to build more vehicles in the U.S. And he may soon get a chance at an even bigger challenge--as head of the slow...