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PAD-81-72 1 (1981-04-30)

handle is hein.gao/gaobabbzm0001 and id is 1 raw text is: 



UNITED STATES GENERAL ACCOUNTING OFFICE
        WASHINGTON, D.C. 20548

                         APR 3 0 1981


(IS4o~


PROGRAM ANALYSIS
   DIVISION

     B-196324


The Honorable Sam M. Gibbons
Chairman, Subcommittee on Trade
Committee on Ways and Means
House of Representatives


RELEASED
                115406


Dear Mr. Chairman:


     Subject: 7'orporate Automotive Dat y(PAD-81-72)

     In response to your letter of March 13, 1981, requesting
financial and other data on General Motors Corporation, Ford Motor
Company, and Chrysler Corporation, we have compiled the following
information from the currently available corporate 10-K and annual
reports to stockholders for the years 1975 through 1979. The 1980
reports are not available as of this date, but will be available
by the end of April or the beginning of May. As agreed to by your
staff, we will provide the 1980 information in addendum form when
it becomes available. With regard to the quoted material you
requested, in many cases, we have provided the most recent quota-
tions from the annual reports and 10-K filings because they are
merely repetitions of statements made in earlier reports.

     1. Net income--profit/(loss) after taxes


1975


1976


1977


1978


1979


(0 millions)


General Motors


Ford


Chrysler


(259)


2. Actual U.S. Federal


1975


423


163


(205)   (1,097)


tax payments/(refunds)


1976


1977


1978


1979


($ millions)


General Motors


Ford


816

(77)


Chrysler


(971897)


1,253


323


2,903

  983


3,338

1,673


3,508

1,589


2,893

1,169


2,025

  253

  50


2,314
  523

    9


2,250

  249

  (103)


1,644
(567)

  (17)


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