Shhh: Ford’s Worldwide Revenues Top GM’s for Full Year; AP Implies Ford Is Smaller Firm

Subject: txt auto grn msm -
Government/General Motors announced today that it lost $4.3 billion during the second half of 2009 (actually from July 10 through the end of the year). A further look at that result will come later after yours truly has time to digest GM's 10K Report to the Securities and Exchange Commission.

What stood out even further for me about the announcement was GM's top line, i.e., global revenues. That figure came in at $57.5 billion.

Ford's revenues during the final two quarters of 2009 were $66.3 billion, or roughly 15% higher. GM's ten missing days in July would only explain about one-third of that difference.

It may be out there, but I haven't seen a lot of establishment media recognition that Ford is a bigger company worldwide than General Motors, and has been since the first quarter of last year. Given that GM was larger than Ford for about the previous 80 years, Ford's ascension to the top spot among US-based companies in worldwide revenues would ordinarily be what is known as "news."

[Ah, but they didn't line up at the public control trough, meaning their still subscribing to the evil private business model...]

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