Wednesday, November 11, 2009

BMW and Toyota Create Most 'Sustainable Value'

GreenBiz (11/2) – Toyota and BMW use their economic, environmental and social resources more efficiently than other worldwide automakers, a new study has found, while General Motors and Fiat significantly lagged behind their industry peers.  The study…compare[s] resource use efficiency of production for factors such as emissions, work accidents, waste generation and water use…By region, researchers found that generally, North American automakers -- namely General Motors and Ford -- fell short of their peers' performance

In 2007, GM's sustainable value was negative €9.87 billion (roughly -$14.24 billion in 2007 US dollars), compared to Toyota, which posted a positive sustainable value of €5.26 billion (roughly $7.59 billion in 2007 US dollars). "The example of several of the other car manufacturers shows that there is a multi-billion euro potential for a company like GM to improve both its environmental and social, and its financial performance simultaneously," Ralf Barkemeyer of Queen's University Management School said in a statement.

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