General Motors Back on Top

General Motors Is Once Again the Number One Automaker in the World

Moneybox
A blog about business and economics.
Jan. 19 2012 2:11 PM

General Motors Is Once Again the Number One Automaker in the World

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The General Motors headquarters in Detroit, Mi.

STAN HONDA/AFP/Getty Images.

General Motors is once again the world's largest automaker by volume:

G.M. said Thursday that it sold 9,025,942 vehicles last year, 7.6 percent more than in 2010. Its closest competitor was Volkswagen, whose sales grew 14 percent to 8.156 million, with Toyota falling to third place.
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This tells us little about profitability, equity prices, or longer-term employment prospects, but it's still interesting given the widespread perception that G.M. was completely doomed a few years ago.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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