08-02-2006, 11:51 AM
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Pretty Darn Active Enthusiast
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Hybrids: Toyota Highlander
Posts: 262
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Re: How similar are Toyota & GM?
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Originally Posted by martinjlm
There's another thread where I went through exhaustive detail to point out that GM is currently funding pension requirements for all retired AND CURRENT employees, based on current financial standards for actuarial estimates. I'd prefer not to go through that again, so if anybody remembers the thread, please post a link to it.
Peace,
Martin
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This article disagree's with your statement.
But Toyota does not have GM's retiree health burden, a mountain that at year-end totaled an unfunded $64 billion and that, in annual effect on the bottom line, adds about $1,300 to the cost of every car and truck GM makes in the U.S.
http://www.mutualofamerica.com/articles/Fortune/March%2006/Fortune.asp
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