Thread: Asian Automakers See Sales Drops, Profits Squeezed
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Old 08-01-2008, 12:31 PM   #8 (permalink)
megeebee
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Re: Nissan's profit drops 43 percent
Quote:
Originally Posted by wescoent View Post
GM is down 1,840%.

Year ago profit of 891M.

Current profit of -15500M.

(891-(-15500))/891 = 18.4 or 1,840%.
I think fp115 misread this. A 43% drop in profit is far superior to a 15 Billion dollar loss.
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