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  • No Dispute: Toyota displaces GM as world's largest automaker

    Filed under: GM , Toyota , Earnings/Financials Quick: Who is the world's largest automaker? General Motors or Toyota? Last year, the two brands were in a statistical dead heat after sales for all of 2007 were tallied, and debates raged as to which one of the two global giants had outsold the other. This year, there's no argument. The winner of the 2008 sales crown was Toyota by over 600,000 units (exact figures are due a bit later). This is quite an accomplishment for the Japanese automaker and reinforces the fact that GM's sales have been in decline for the last couple of decades after crushing all competitors and reigning as the worldwide leader in auto sales for 77 years. Still, the mood is hardly one of jubilation at Toyota as the rise to the top has not been without sacrifice. The automaker has lost both money and market share over the last few months, and the outlook for 2009 isn't shaping up to be much better. [Source: CNN ] No Dispute: Toyota displaces GM as world's...
  • GM aims to double sales in Japan by 2011

    Filed under: Japan , GM , By the Numbers If you think things have been tough for General Motors in America, you should see how bad it's going for them in Japan. Forget pulling out of the Tokyo Motor Show , we're talking a steady sales decline over the past decade that has brought volume to just 2,000 units a year from a high of 50,000 in 1996. That really sucks, so GM wants to try and change things ASAP. They have announced a modest goal of doubling sales in Japan over the next three years. Part of the problem with Japanese sales is image, but product selection and a shrinking dealer network are also to blame. Rick Brown, president of GM Japan, says they plan to address those issues by adding a couple of dealerships a year, and by shaking up the product mix. They plan to start selling the Chevy Aveo, the new 2010 Camaro, and despite the struggling economy, some new luxury cars and SUVs like the Cadillac CTS Sport Wagon, Saab 9-3X, 9-4X and 9-5. Even though those products might help...

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