To put things in perspective, only two-and-a-half
years ago GM was worth more than seven times as much as Fiat, according to the Financial Times report, and was expected to purchase the Italian firm's automotive division - Fiat, like many other automakers, makes much more than just cars, trucks, vans and SUVs.
With regards to market share, Toyota is dangerously close to eclipsing the Detroit-based auto giant in the global number of vehicles sold, and due to GM's recent announcement of up to nine plant closures that will result in 100,000 less vehicles being produced annually, may move into first place sooner than later.
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| Despite some exciting new models, such as the Pontiac Solstice, GM is suffering on the markets. (Photo: Trevor Hofmann, Canadian Auto Press) |
With regards to market share, Toyota is dangerously close to eclipsing the Detroit-based auto giant in the global number of vehicles sold, and due to GM's recent announcement of up to nine plant closures that will result in 100,000 less vehicles being produced annually, may move into first place sooner than later.
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