Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

GM loses global sales crown after 77 years (Reuters)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Eugene Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 11:27 AM
Original message
GM loses global sales crown after 77 years (Reuters)
Source: Reuters

GM loses global sales crown after 77 years
Wed Jan 21, 2009 10:45am EST

DETROIT (Reuters) - General Motors Corp on Wednesday
said its global vehicle sales for 2008 had dropped
11 percent, allowing rival Toyota Motor Corp to surpass it
as the world's largest automaker for the first time.

GM, now struggling to restructure under a $13.4 billion U.S.
government bailout, had held the title as the global auto
industry leader for 77 years and used the line in its
marketing.

But for 2008, Detroit-based GM said its sales decreased to
8.35 million vehicles, pressured by tightening credit and a
slowdown that began in the United States and spread to
emerging markets where GM has been stronger.

Earlier this week, Toyota said its global sales for 2008 had
slipped 4 percent to 8.97 million vehicles as it also battled
a costly slowdown in key markets.

Both GM and Toyota downplayed the significance of the
shift in market leadership.

-snip-

Read more: http://www.reuters.com/article/newsOne/idUSWNAB17492009...
Printer Friendly | Permalink |  | Top
Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 11:32 AM
Response to Original message
1. And Toyota only sells Toyota.
GM sells under many brands.
Printer Friendly | Permalink |  | Top
 
ContraBass Black Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 11:47 AM
Response to Reply #1
3. That is false.
Toyota also sells Lexus and Scion.
Printer Friendly | Permalink |  | Top
 
EnviroBat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 11:38 AM
Response to Original message
2. I heard just this morning that they've already pissed away
this first installment of the bailout money they were loaned. As I predicted, this bailout loan will be flushed right down the shitter. They are planning to ask congress for the second half. What then? Bankruptcy anyway, and the US taxpayers left holding the fucking bag.
Printer Friendly | Permalink |  | Top
 
AndyA Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 11:50 AM
Response to Original message
4. GM, Ford, and Chrysler will never recover until people start buying their cars again.
It's time for Americans to put AMERICA first. And by doing so, they will support American companies and American jobs.

People act like all American cars are bad, and they aren't. All manufacturer's build some good and some bad cars. I know people who have both foreign and domestic, and it's a mixed bag. My neighbor has two Toyotas and an old Ford truck. The truck never seems to give him any problems, and the Toyotas are constantly in need of something, and one of them has left his wife and baby stranded more than once.

I had a Mercury Marquis company car a few years back, and it had well over 150,000 trouble free miles. It never failed to start, and any repairs needed were always minor and never needed to be done in order to safely and dependably drive the car.

After the selfish, "me first" Bush era, it's time for Americans to stop being so self serving and do what's right for the country for a change. It should be pretty obvious to all by now what not putting America first has given us.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Dec 22nd 2014, 12:26 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC