July 27, 2013
THE GREAT DANGER OF THE BAILOUTS WAS ALWAYS THAT THEY'D SUCCEED:GM climbs to top in sales (Anna Mukai and Yuki Hagiwara, 7/27/13, Bloomberg News)
General Motors outsold Toyota for the first time in six quarters, rising atop the industry and underscoring the resurgence of U.S. automakers as they roll out the best cars they've built in a generation. [...]Posted by Orrin Judd at July 27, 2013 11:28 AM
GM's rise to the top of the global industry caps a week in which the maker of Chevrolet cars and Ford posted earnings that beat analyst estimates. In contrast, the Japanese automaker saw its deliveries drop, reflecting Toyota's reliance on a home market where demand is falling and underperformance in China where it's recovering from a consumer backlash.