Yes, they beat Toyota. To do it, they had to essentially give their trucks
SUVs away. They were advertising rebates up to $9000 per vehicle.
Competing with Toyota and Honda for sales in this manner will not help them
maintain profitability. It WILL help them move some dead stock.
It is a delicate balancing act.
Apparently there was a news release yesterday in which GM did not take
bankruptcy off the table. I havent read it yet, just caught the tip of it
news. If so, it will be a strategic bankruptcy, I am sure, but may destroy
investor confidence. (Heck, if anybody still has any confidence in the
at this point!)
The fact is that GM did outsell Toyota during that time period. Hard to say
with absolute authority. The huge rebates must have had an effect. I did
such a promotion by Toyota around here.
GM is registered as a charity.
They sell cars below cost.
Please support your local dealer with a donation so they can continue
on their mission to supply cars to people who can not pay the full
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