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Everyone says its GMs fault because they did not adapt and build the right product line. Well GM doesnt make money on small cars because the labor costs on them are so high. Labor costs are largely fixed between small cars and big ones as both still have the same amount of wheels to install, dashes, doors, seats, hoods, trunks....
People are willing to pay $30,000+ on larger cars because they percieve they are getting more, but there isnt 2x the amount of materials over the $15,000 car, so that is where the profit is.
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