From How Slumping Market for SUVs Is Hurting Detroit’s Bottom Line:
An unpublished study from the University of Michigan Transportation Research Institute estimates that profits of large and midsize SUVs for GM, Ford and DaimlerChrysler AG’s Chrysler Group dropped 40%, or almost $7 billion, from 2001 to the end of last year.
Profits from SUVs dropped 40%, almost $7 billion, from 2001 to the end of last year.