While Toyota is profitable, GM is struggling with billions of dollars of losses. A profit is not in sight any time soon and the company’s shares are trading at the lowest level in five decades.
In the 1970s, nearly ever second car sold in the US was made by GM with a massive selection ranging from the sporty Chevrolet Corvette to the intermediate-sized Pontiac LeMans, and from the compact Chevette to the grand Cadillac Eldorado. Today GM’s market share is 20 percent.
GM is seeking salvation in the emerging markets of India, China, Brazil and Russia, and the rise of more ecological cars. A current prestige project is the electric Volt, developed by top GM engineer Frank Weber, which is scheduled to debut in 2010 in the US and a year later in Europe.
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