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| Topic: |
Business
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| Number of pages / Number of words: |
20 / 5541 |
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The US is the biggest market for light weight vehicles with annual 2006 sales of 16.5 million. This is the reason that 75 percent of GM's business remains in the US. This number while big is a drop from 16.95 million in 2005 (Auto Industry 9). Decline in sales is a result of foreign competitors closely matching vehicles with the needs of the US consumer...
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Toyota announced in April 2007 that it had sold 2.5 million vehicles in the first quarter compared to GM's 2.26 million (Kageyama 2007). General Motors has been a market leader in the auto industry for 76 years but now this title is challenged by Japanese carmaker Toyota.
Reasons for the Change
Record breaking gas prices in the US has pushed General Motors the most from its top position...
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