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.
Comments
Maybe GM should have shred more diseased tissue during TARP? Sometimes I think Chevy would be better off selling Buick (Opel) products globally, under regional name plates, in an effort to stop over competing in every segment.
Does GM really need Astra in Europe and Cruze in NA? This over lap only makes sense in China in this moment of rapid market expansion that won’t last forever.
GM is actually surprisingly good, even members of their numbers. considering competitors’ sales strategies and policies globally. GM already has well understood the others’ success, and the key is beginning to operate globally and bring new strategies and plans for GM very good, I think. GM can very easily achieve greater success when it cooperates with all its departments. VAG is an excellent example of cooperation between its various departments, and all sell very well and they also contribute to the total time to sell, sell, sell whether it be VW-Audi, Seat, Skoda, and all the others. they all have VAG Gonser and their money.
GM, of course, is specific and unique, and it can also be just a very positive, very global automaker because GM is not only a global car seller. GM is the U.S. and EU cars. It is, of course, more complicated. VAG is the only EU cars that are boring but it may be easier collaboration.
This is one of the deals you really have to read and understand the numbers. You just can’t just take a few numbers and not comprehend their meaning if you do not understand what they represent the background info they need to calibrate them
To be honest with all that has been going on these numbers could have been a lot worse.
The key it to control cost and keep investing in new product.
1. Actually it shows GM is still losing ground even with all the assistance it has received lately.
2. It also shows that while selling Mexican made, base model trucks with 1980s looks and technology for near $40k, and Daewoos (I menat Cruzes) for about twice what they’re worth, they still can’t make more profit than makers that put quality in their cars.
3. It will also show the profit they did make will go to fat cats in Detroit and fat union pigs instead of being paid back to the taxpayer who lent them the money.
Daimler is a world leader in trucks, and the premium passenger car has a heavier weight in the Daimler portfolio than in GM’s; so it should not be surprising that earns more than a comparison of just passenger car sales by units would make believe.
BTW, the phrase “However if you only take into account the sales results for this quarter, GM slips back to fourth position” in the first paragraph of the article is somewhat misleading since it leaves out what is clearly said in the title: 4th place when considering not unit numbers of sales, but overall financial results.