23 January 2008

The End Of An Era

General Motors now has a reason to pull it's head out of the sand and start getting serious about a few things.
Quality products for one,putting hybrid and electric vehicles on a fast track for two.

It's a safe bet that the days of the Hummer are limited, it was a niche market anyway.

GM is going to have to get real serious about costs too, something they whine about constantly.

GM, Toyota in Dead Heat in 2007 Sales

The Associated Press

Wednesday, January 23, 2008; 10:04 AM

DETROIT -- General Motors Corp.'s 76 years of global sales supremacy is ending, as totals for 2007 released on Wednesday showed the automaker in a virtual tie with Toyota Motor Corp.

GM said it sold 9,369,524 vehicles worldwide last year, up 3 percent from 2006. Earlier this month, Toyota reported global sales of 9.37 million vehicles, but the Japanese automaker did not release a number down to the last vehicle, leaving the sales race too close to call.

Detroit-based GM has held the title of world's largest automaker since the 1930s, but Toyota's strong U.S. growth and GM's U.S. sales decline helped Toyota move closer to the top spot in recent years.

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