Cars and Drivers
Stranger The Fiction: GM (GM) Posts Better May Results Than Toyota (TM)
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GM (GM) is supposed to the poorly managed bankrupt car company that has trouble producing vehicles that the domestic market will buy. Toyota (TM) is the nibble competitor with the fuel-efficient and defect-free vehicles that attract buyers in droves.
Somehow the math for car sales in May did not bear out the images that the two companies have. Toyota’s sales fell 41% to 152,583. GM’s sales were only down 29% to 190,881.
Honda (HMC), which also enjoys a reputation for quality and fuel-efficiency, had a 42% drop in domestic sales to 98,344.
Maybe “Buy American” is back in vogue.
Douglas A. McIntyre
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