General Motors is no longer the runaway leader when it comes to the global sales race, with it now sitting in third overall behind Toyota and Volkswagen. However if you only take into account the sales results for this quarter, GM slips back to fourth position, according to Inautonews.
Sitting in third instead of GM this quarter is, somewhat surprisingly, Daimler AG. The Stuttgart-based brand pulled in $42 billion in revenue from April to June, behind Volkswagen with $68 billion and Toyota with $62 billion. GM meanwhile posted a $39 billion revenue and is being gained on by the Euro-Asian Renault-Nissan partnership, which was only $100 million behind it.
Analysts say GM may fall further down the top automaker ladder if its safety problems persist and continue to pull from its sales and its revenue. Automakers still sitting behind GM for global sales include Ford with $37 million in revenue, Hyundai-Kia with $31 billion, Honda with $29 billion and BMW with $26 billion.