Autonews: GM's sales fall, ending claim as world's largest automaker - Ford Inside News Community
 
LinkBack Thread Tools
post #1 of 4 (permalink) Old 01-21-2009, 10:49 AM Thread Starter
Ford Falcon Ute
 
SobeSVT's Avatar
 
Join Date: Feb 2007
Location: Sobe, FL
Posts: 4,679
Send a message via AIM to SobeSVT
Autonews: GM's sales fall, ending claim as world's largest automaker

Automotive News

GM's sales fall, ending claim as world's largest automaker

CHRISSIE THOMPSON
AUTOMOTIVE NEWS
JANUARY 21, 2009 - 9:04 AM ET


General Motors said worldwide sales fell 10.8 percent in 2008, ending its 77-year claim as the world's largest automaker.

GM sold 8.36 million vehicles last year, putting it about 616,000 units behind the 8.97 million reported by Toyota Motor Corp. Tuesday.

The 2008 results cap an advance by Toyota that has seen the Japanese automaker overcome a 3 million deficit since the start of the decade, fueled in large part by gains in the United States. In 2008, both automakers posted sales declines.

At the time of the announcement, just before 9 a.m. Wednesday, GM defined itself on its Web site as "the annual global industry sales leader for 77 years.''

GM President Fritz Henderson had said the previous evening that retaining the title wasn't "terribly important," to him. He told the Automotive News World Congress last night that it's more critical that GM, which hasn't posted a profit since 2004, is strong financially.

Toyota said its sales across the group fell 4 percent in 2008, dragged down by sharp declines in North America, Europe and Japan.

The figure was in line with Toyota's previous forecasts, as car sales worldwide plunged in the final quarter amid a financial crisis that forced most car companies to slash production.

For the parent only, which excludes minivehicle maker Daihatsu Motor Co. and truck unit Hino Motors Ltd., sales fell 5 percent to 7.996 million vehicles, Toyota said. Sales at the two units rose from 2007.

for more CLICK HERE. Registration required but not subscription.

SobeSVT is offline  
Sponsored Links
Advertisement
 
post #2 of 4 (permalink) Old 01-21-2009, 12:27 PM
Content Admin
 
mchicha's Avatar
 
Join Date: Feb 2007
Location: Surrey, UK
Posts: 950
Re: Autonews: GM's sales fall, ending claim as world's largest automaker

GM needs to learn from this and move faster to reclaim this title. Cutting brands will not help. Taking them global will.

mchicha is offline  
post #3 of 4 (permalink) Old 01-21-2009, 02:49 PM
Ford Mondeo
 
Tahoe's Avatar
 
Join Date: Sep 2007
Location: USA, Living Room, Babies Sleeping
Posts: 1,062
Re: Autonews: GM's sales fall, ending claim as world's largest automaker

Well, we all saw this coming. I am a GM supporter, but it seems like things there are really out of control. They do not even seem to know the direction in which to take the company since the crisis started.
Its like they are shell shocked.
Tahoe is offline  
post #4 of 4 (permalink) Old 01-22-2009, 01:38 AM
Ford Escort
 
Join Date: Nov 2008
Location: Okinawa, Japan
Posts: 91
Re: Autonews: GM's sales fall, ending claim as world's largest automaker

Quote:
Originally Posted by Tahoe View Post
Well, we all saw this coming. I am a GM supporter, but it seems like things there are really out of control. They do not even seem to know the direction in which to take the company since the crisis started.
Its like they are shell shocked.
I am a GM supporter too, but have gradually moved from being a die hard nothing but GM fan to accepting of Ford (resulting in buying a Mercury) and now Ford being a close second to GM. GM has really disappointed me during this crisis, with what seems like totally clueless leadership. Ford, on the other hand has impressed me with nearly everything they have been doing.
page2171 is offline  
Sponsored Links
Advertisement
 
Reply

Tags
automaker, autonews, claim, ending, fall, largest, sales, world

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Ford Inside News Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome