Monday, July 16, 2007

GM's $1,000 Per Silverado Health-Care Tab Gives Advantage to Toyota Tundra

(Bloomberg) -- The $40,000 blue Chevy Silverado
pickup that Justin Crenshaw bought last month in Oklahoma City
had one built-in feature that Kent Hickman's new Toyota Tundra
lacked: the health-care tab for retired factory workers.

Paying the retiree health benefits adds about $1,000 to the
cost of each Silverado made by General Motors Corp. Toyota Motor
Corp., which will overtake GM this year as the world's largest
automaker and is boosting Tundra sales in the U.S., is spared
almost all such expenses, according to auto industry analysts.


Read more at Bloomberg Exclusive News

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