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  1. #11
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    Their cars may be better, but the calculators don't work so well

    Quote Originally Posted by Hydrophobic guy View Post
    I heard on a radio show their was an article in the Wall Street Journal that compared the GM employee's pay and beni's to the Toyota employee's that were working at plants in Texas and the GM employees pay and beni's averaged out to 80 bucks an hour and the Toyota employee's averaged out to 40 bucks an hour. Anybody see the article?
    Similiar, but from 2005.
    http://www.npr.org/news/specials/gmvstoyota/

    Profitability per Vehicle
    Source: 2005 Harbour Report
    GM:
    Loses $2,331 per vehicle

    Toyota:
    Makes $1,488 per vehicle
    Average Hourly Salary for Non-Skilled, Assembly Line Worker

    Source: Center for Automotive Research
    GM:
    $31.35/hour
    NOTE: Includes idle workers still on payroll and those on protected status.

    Toyota:
    $27/hour
    NOTE: Includes year-end bonus.
    Average Labor Cost per U.S. Hourly Worker

    Source: GM & Toyota
    GM:
    $73.73

    Toyota:
    $48
    Last edited by RED ALERT; 11-12-2008 at 09:17 PM.

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