Twit

It\’s hard to believe, given the news, that GM is still the world\’s largest car manufacturer, producing 9.4m cars to No 2 Toyota\’s 8.5m in 2007. Whatever GM\’s problems, low productivity is not one of them.

If someone\’s going to confuse gross production with productivity there\’s not all that much point in listening to them in an economic argument, is there?

5 comments on “Twit

  1. Worse still, he also gets his facts mixed up. GM is not the worlds largest car maker, Toyota is. As reported by his very own paper on the same day (!): mixehttp://www.guardian.co.uk/business/2009/jan/30/toyota-honda

    Toyota thus has a higher productivity and a higher gross production

  2. marksany, so the Japanese government wants to subsidize foreign citizens that buy cars and restrict the free choice of their own subjects? They are only hurting themselves.

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