GM Slipping Further Behind Toyota in Global Race


Up until this year GM sales out­side of North Amer­i­ca were off­set­ting sales declines here in the U.S. Now the eco­nom­ic cri­sis has hit Europe, con­tract­ing sales in that GM region. Asia and Latin Amer­i­ca are still show­ing strong growth, but not enough to over­come loss­es in the U.S. and West­ern Europe. As a result world­wide sales in the third quar­ter were down 11%. GM is falling fur­ther behind Toy­ota in the race to be the world’s largest automak­er.

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