I bought a Dodge minivan for $28,000 (two years ago) Yet Dodge says they

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tony s

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are broke. How can this be?
It's not too bad on mileage, 24 MPG at 60 MPH, and I need the size for business. No choice. Maybe I'm a dinosaur, when I was 22 a house was $18,000 and payments were $45 which was 15% of a months income. A new car was $2.200. A Pantera was $10,000. I almost bought one. LOL! That new Ford version of it is almost $300,000. This just seems insane.
 
All the US auto makers are in the red ink .
Large vehicles , most people own more than they can afford now and are switching to higher mileage foreign cars .

Check the Yahoo finance page and the key stats for GM , F and whatever the other one is .
You will see Negative earnings ( EPS ). . .

http://finance.yahoo.com/q/bc?s=F

>
 
GM was going broke, then i heard they got some help, but are on the track to being where they were again. Reason? gas prices.

think about some the cars Dodge is known for making...

Magnum
Caravan
Ram
Durango
Dakota
Charger

How many of those actually get good gas mileage? that would be about none by today's standards. The market for cars that are not good on gas has just decreased so much, Dodge being a company that mostly sells trucks, is not going to be doing so well if gas prices are rising and nobody wants a truck cause its a gas guzzler. Even the charger, the gas mileage sucks! On the flip side you have comparable cars to the Chargers size, like Toyota Camry and Honda Accord, which get good gas mileage.

Coupled with high prices of parts and labor today and the payment of workers as well as this ridiculous $2.99 gas deal they are doing, they're losing money in pretty much every direction.

If i were Dodge, i'd start making fuel efficient cars ASAP. It's the only way to compete nowadays, gas prices aren't going to go down much anymore.
 
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