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Wall Street Breakfast: Must-Know News [View article]
Many believe that GM is no. 1 globally as recently published it outsold Toyota by 1000 or 3000 cars in 2007.
In reality, GM's revenue was $181B in 2007 (01/2007-12/2007) down considerably on YOY. Toyota's revenue was $252B in FY2007 (04/2007-03/2008) up nearly 10%.
It is high time the U.S. auto industry started dealing with the harsh reality before it is too late. Hype and spin can go just so far...
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