Economy 101: The year in autos, from GM’s diminished work force to Cash for Clunkers rebates
By Stephen Manning, APThursday, December 31, 2009
Economy 101: The year in autos, by the numbers
WASHINGTON — The car industry got a historic makeover in 2009, most of it not for the better.
General Motors and Chrysler almost went broke and now largely owe their survival to billions in taxpayer money. Sales tanked and auto workers lost jobs in droves. And China became the world’s biggest auto market.
But there were signs of hope. The Cash for Clunkers rebate program briefly revived auto lots and helped sell more fuel-efficient cars. Ford managed to avoid bankruptcy. Sales of some vehicles have picked up in recent months, though not by much.
Automakers are now staking much of their future on building more fuel-efficient cars like plug-in hybrids and other electric vehicles. But they’ll have to work hard in the new year to bring buyers back. Otherwise, 2010 could end up looking a lot like 2009.
How much did the auto industry change in 2009? Here are some telling numbers.
U.S. DOWN, CHINA UP
9.4 million: Auto sales in the U.S. in 2009 (January through November)
12.3 million: Auto sales in the U.S., January to November 2008
12 million plus: Auto sales in China, January to November 2009
17.3 million: Auto sales in the U.S. in 2001
JOB WOES (figures from November)
658,000: Auto industry jobs in 2009
809,000: Auto industry jobs in 2008
1.32 million: Auto industry jobs in 1999
SHRINKING GOLIATH
Four: Number of GM brands planned by 2010
Eight: Number of GM brands at start of 2009
235,000: General Motors global work force in 2009
853,000: General Motors global work force in 1979
75 cents: General Motors closing share price on May 29, 2009, last day of trading before bankruptcy
$69: General Motors closing share price on May 28, 1999
Three: Total GM CEOs in 2009
Three: Total GM CEOs from 1990 to 2008
GOVERNMENT MOTORS
$80.7 billion: Total amount of government loans to auto companies (GM, Chrysler, GMAC and Chrysler Financial)
$2.5 billion: Amount repaid by late December
60.8 percent: Government’s GM stake
9.8 percent: Government’s Chrysler stake
0 percent: Government’s Ford stake
CLUNKERS
$2.85 billion: Total value of Cash for Clunkers rebates
9.2 mpg: Average increase in fuel efficiency under Clunkers
15,013: Toyota Prius hybrid cars sold under program
16,263: Ford F-150 pickup trucks sold under the program
One: Limousine traded in
THEY’LL GET YOU WITH THE FEES
$1.55 billion: Estimated auto industry bankruptcy fees (GM and Chrysler’s attorneys, advisers, others)
$82.29 billion: GM assets at time of bankruptcy filing
$457 million: GM market value on last trading day before Chapter 11 filing
SALES ACCELERATE, DECELERATE
161,819, up 17 percent: Ford Fusion mid-size sedan sales from January to November, and increase over 2008
283,243, down 34 percent: Chevrolet Silverado pickup truck sales from January to November, and decrease from 2008
GAS OR ELECTRIC?
365,416: Ford F-Series pickup trucks sold in U.S. in 2009, through November
Zero: Plug-in gas-electric hybrid vehicles sold in U.S. by major automakers in 2009, through November
At least 12: Number of manufacturers planning plug-in gas-electric vehicle sales in the U.S. by 2013
INTO THE ROUGH
Five: PGA golf tournaments sponsored by GM in 2001
Zero: PGA golf tournaments GM plans to sponsor in 2010
One: Number of GM-owned golf courses for sale
Associated Press Writer Ken Thomas contributed to this report.
Tags: Automotive Technology, Corporate Sponsorship, Government Programs, Green Technology, Green Vehicle Technology, Men's Golf, North America, Sports Business, United States, Washington