Actually it was US Steel's pres who said that sometime in the 1980s wrt to steel production and plant shutdowns. Anthony P. D'Costa Associate Professor Comparative International Development University of Washington 1900 Commerce Street Tacoma, WA 98402, USA Phone: (253) 692-4462 Fax : (253) 692-5612 On Thu, 5 Nov 1998, Doug Henwood wrote: > Robert Mac Diarmid wrote: > > >GM for > >example used to make cars (well, vehicles if we include military); I read a > >year or so ago in the business section of my local rag that that year they > >made more or a profit in money market speculation than they did on > >production. > > GM still makes lots & lots of vehicles. Its finance subsidiary, like > Ford's, makes most of its money by financing the purchase of those > vehicles. GE Capital is another story; it ventures into all the thrilling > financial precincts. > > Didn't Henry Ford say once that he wasn't in business to make cars but to > make money? > > Doug > > >
