Tag: automaker

BIG NEWS: General Motors (GM), one of America’s “Big Three” automakers, is filing for Chapter 11 bankruptcy in New York in hopes that within 6-18 months, the company will be able to stand on its own. After filing for bankruptcy, the United States Government will own approximately 60% of GM stock.


AdAge confirmed it today in an article citing specific sales numbers from General Motors and Toyota. As of today, Toyota is now the official #1 automaker in the world, putting GM in the #2 spot. In 2008, Toyota sold 8.97 million vehicles compared to GM’s 8.36 million. For over 70 years, GM has reined at […]