But the money goes back into GMs pocket eventually. And they employ people all over the world, billions of people.
Billions?
Honda and Toyota are just now getting into America and all their profit goes back to the company base in Japan.
Honda began manufacturing in the US in 1979.
Toyota, which began manufacturing in the US in 1988, employs 32,000 Americans in ten plants in the U.S.
]And Honda and Toyota still import most of their vehicles, only a few are actually assembled here.
Almost half of all Toyotas sold in the U.S. in 2006 were manufactured in teh U.S. I don't know the numbers for Honda but I am sure it's more than "only a few."
GM is the third largest company in the world, I don't think you can accurately say they don't employ many people.
Third largest in what sense? I checked the
Forbes 2000 Largest Publicly Traded Companies and GM was listed as #526. They actually tied with Porsche. Ebay beat them at #524.
Toyota, at #12, was the highest rated automotive manufacturer. DaimlerChrylser (do you consider Chrysler a US company still?) came in at #45, the second highest auto manufacturer. Mitsubishi was #62, Honda #63, and Nissan #65.
In fairness to you, the Fortune 500 (which is based solely on total gross revenue) lists GM at #5, DaimlerChrysler at #7, Toyota at #8, and Ford at #9. The difference is that while Toyota earned over $12B in profits in '06, Daimler earned $3.5B and Ford earned $2B, GM managed to
lose over $10.5B. I don't think GM shareholders can afford for the company to get any bigger than that.